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Core Purpose

Amendment under clause (23FE) of Section 10 of the Income-tax Act, 1961, substituting a reference number and date in the principal notification governing eligible sovereign/pension fund investment exemptions.

Detailed Summary

Notification S.O. 5347(E) dated 11 December 2024, issued by the Central Board of Direct Taxes, Department of Revenue, Ministry of Finance, in exercise of powers under item (b) and sub-clause (iii) of clause (23FE) of Section 10 of the Income-tax Act, 1961 (43 of 1961), amends the principal notification No. 44/2020, F. No. 370142/24/2020-TPL, S.O. 2227(E) dated 6 July 2020, by substituting the reference F. No. 13/3/2017-INF dated 13th August 2018 in the opening paragraph with F. No. 13/1/2017-INF dated 11th October, 2022; the amendment takes effect from the date of its publication in the Official Gazette and was issued under file number 127/2024/F. No. 500/Misc./S10(23FE)/FT&TR-II, signed by Apoorv Tiwari, Under Secretary.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-11122024-259346 EXTRAORDINARY PART II-Section 3-Sub-section (ii) PUBLISHED BY AUTHORITY No. 4948] NEW DELHI, WEDNESDAY, DECEMBER 11, 2024/AGRAHAYANA 20, 1946 MINISTRY OF FINANCE (Department Of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th December, 2024 (INCOME-TAX) S.O. 5347(E).—In exercise of powers conferred by item (b) and sub-clause (iii) of clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendment in the notification of the Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) No. 44/2020/ F. No. 370142/24/2020-TPL_number S.O. 2227(E), dated the 6th July, 2020, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), namely:- In the said notification, in the opening paragraph, for the letters, figures, and words "F. No. 13/3/2017-INF dated 13th August 2018”, the letters, figures, and words “F. No. 13/1/2017-INF dated 11th October, 2022” shall be substituted. 2. This notification shall come into force from the date of its publication in the Official Gazette. [No. 127/2024/F. No. 500/Misc./S10(23FE)/FT&TR-II] APOORV TIWARI, 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 2227(E), dated the 6th July, 2020.

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