The Central Board of Direct Tax (CBDT) issued Notification no. 54/2024 on 18.07.2024 to amend Notification No. 89/2020 dated 02.11.2020 so as to extend the exemption u/s 10(23FE) of Income-tax Act, 1961 till 31.03.2025.
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Section 10(23FE) of the Income Tax Act provides an exemption to sovereign wealth funds and pension funds (specified fund) on income from dividends, interest, and long-term capital gains from investment in infrastructure made in India after April 2020 (source: Business Standard)
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