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of <h1>Govt Extends Income Tax Exemption for MIC Redwood 1 RSC Limited, Abu Dhabi to March 31, 2025, u/s 10(23FE).</h1> The Central Government has amended Notification No. 89/2020, extending the exemption under section 10(23FE) of the Income-tax Act, 1961, for the sovereign wealth fund MIC Redwood 1 RSC Limited, Abu Dhabi, UAE. The amendment changes the exemption's expiration date from March 31, 2024, to March 31, 2025. This amendment is issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, and is effective from April 1, 2024, until the date of publication in the Official Gazette.
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