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Taxation Central Ministry of Finance Income Tax Act, 1961

Extension in the time period of the investment made for claiming tax exemption by certain specified persons

18-Jul-2024 | S.O. 2841(E)

Ministry of Finance has issued a notification amending the older notification specifying the time period within which investment should have been made to claim tax exemption by certain specified persons under Section 10 (23FE) of the income tax act.

Bu virtue of this notification any income of a specified person in the nature of dividend, interest or long-term capital gains is shall not be included in total income for tax purposes arising from an investment made by it in India, whether in the form of debt or share capital or unit, if the investment-

(i) is made on or after the 1st day of April, 2020 but on or before the 31st day of March, 2025

earlier the investment was required o be made on or before the 31st day of March, 2024.

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