Ministry of Finance Department of Revenue Central Board of Direct Taxes

Notification u/s 10(23FE) of the Income Tax Act, 1961

Issue Date: 11 July 2025 Published: 11 July 2025

Gazette ID: CG-DL-E-11072025-264549 Download PDF

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Core Purpose

This notification further amends S.O. 4592(E), dated 2nd November, 2021, by substituting the date "31st day of March, 2025" with "31st day of March, 2030" under sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961.

Detailed Summary

The Ministry of Finance, Department of Revenue (Central Board of Direct Taxes), through Notification S.O. 3151(E) dated 11th July, 2025, issued an amendment under the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961). This notification amends the Government of India's previous Notification No. 130 /2021/ F. No. 370142/50/2021-TPL, S.O. 4592(E), dated the 2nd November, 2021. The specific amendment involves replacing the phrase "31st day of March, 2025" with "31st day of March, 2030" in the opening paragraph of the said notification. This change is effective retrospectively from 1st April, 2025, until the date of its publication in the Official Gazette, and then prospectively. The principal notification, S.O. 4592(E) dated 2nd November, 2021, was previously amended by S.O. 2853(E) dated 18th July, 2024. The current notification is signed by BAHNI TELENGA, Under Secy., with File No. 97/2025/F.No. 500/Misc./S10(23FE)/FT&TR-II.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-11072025-264549 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 3081] NEW DELHI, FRIDAY, JULY 11, 2025/ASHADHA 20, 1947 4620 GI/2025 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th July, 2025 S.O. 3151(E). In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following further amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) [Notification No. 130 /2021/ F. No. 370142/50/2021-TPL] number S.O. 4592(E), dated the 2nd November, 2021 published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), except as respects things done or omitted to be done on and from the 1st April, 2025 till the date of publication of this notification in the Official Gazette, namely:- In the said notification, in the opening paragraph, for the figures, letters and words "31st day of March, 2025", the figures, letters and words "31st day of March, 2030" shall be substituted. [No. 97/2025/F.No. 500/Misc./S10(23FE)/FT&TR-II] BAHNI TELENGA, Under Secy. Note: The principal notification was published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) vide number S.O. 4592(E), dated the 2nd November, 2021 and subsequently amended vide notification number S.O. 2853(E), dated the 18th July, 2024. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054. KUMER CHAND MEENA Digitally signed by KUMER CHAND MEENA Date: 2025.07.11 23:14:17 +05'30

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