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<h1>India Recognizes Hong Kong as 'Specified Territory' for Tax Purposes Under Section 90, Income-tax Act 1961</h1> The Central Government of India has designated the Hong Kong Special Administrative Region of the People's Republic of China as a 'specified territory' under Section 90 of the Income-tax Act, 1961. This notification, issued by the Ministry of Finance's Department of Revenue through the Central Board of Direct Taxes, was formalized as Notification No. 25/2010 on April 20, 2010. This designation is made under the authority granted by Explanation 2 to Section 90 of the Income-tax Act, facilitating tax agreements and arrangements between India and Hong Kong.