Amendment in Notification No. 125/2022 dated 16th November, 2022 - Extension of exemption u/s 10(23FE) - the sovereign wealth fund, namely, Public Investment Fund - 86/2024 - Income Tax Act, 1961
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Exemption under section 10(23FE) extended for Public Investment Fund, maintaining applicability into the following fiscal year. The Central Government, invoking the powers under Explanation 1(b)(vi) to clause (23FE) of section 10 of the Income-tax Act, amends the opening paragraph of the principal notification by substituting the original terminal date with a later terminal date, thereby extending the exemption for the sovereign wealth fund named Public Investment Fund; the amendment preserves an exception for actions or omissions from 1 April, 2024 until publication in the Official Gazette and references the principal notification dated 16 November, 2022.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption under section 10(23FE) extended for Public Investment Fund, maintaining applicability into the following fiscal year.
The Central Government, invoking the powers under Explanation 1(b)(vi) to clause (23FE) of section 10 of the Income-tax Act, amends the opening paragraph of the principal notification by substituting the original terminal date with a later terminal date, thereby extending the exemption for the sovereign wealth fund named Public Investment Fund; the amendment preserves an exception for actions or omissions from 1 April, 2024 until publication in the Official Gazette and references the principal notification dated 16 November, 2022.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.