Home India Ministry of Finance Notification u/s 10(23FE) of the Income Tax Act, 1961...
Date: 2025-07-11 Category: Extra Ordinary State: Union Government Country: India

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

Issued by Ministry of Finance · Department of Revenue

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Executive Summary & Key Takeaways

**Policy Summary** This notification, S.O. 3153(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, and dated July 11, 2025, amends Notification No. 862022(F. No. 500PF1S1023FEFTTRII number S.O. 3324(E)), dated July 21, 2022. The amendment pertains to the Income-tax Act, 1961 (43 of 1961), specifically sub-clause (iv) of clause (c) of Explanation 1 to clause 23FE of section 10. The key change is the substitution of "31st day of March, 2025" with "31st day of March, 2030" in the opening paragraph of the principal notification. This extension is effective from the date of publication in the Official Gazette, excluding actions taken between April 1, 2025, and the publication date. The notification number is 992025(F.No. 500Misc.S1023FEFTTRII) and is issued under the authority of Bahni Telenga, Under Secretary. The principal notification was published in the Gazette of India, Extraordinary, Part II, section 3, subsection ii vide number S.O. 3324(E), dated the 21st July, 2022 and subsequently amended vide notification number S.O. 2855(E), dated the 18th July, 2024.

Key Entities Referenced

Ministry of Finance: A department of the Government of India. Department of Revenue: A department within the Ministry of Finance. Central Board of Direct Taxes: An organization under the Department of Revenue, Ministry of Finance. New Delhi: The location of the notification, likely referring to New Delhi, Delhi. Income-tax Act, 1961: A law enacted in 1961 related to income tax in India. S.O. 3324E: A notification number published in the Gazette of India. S.O. 2855E: A notification number amending S.O. 3324E. Gazette of India: The official government gazette of India.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-12072025-264554 CG-DxLx-xEG-I1D2H0x7x2x0 25-264554 xxxGIDExxx असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3083] नई दिल्ली, िुक्रिार, िुलाई 11, 2025/आषाढ़ 20, 1947 No. 3083] NEW DELHI, FRIDAY, JULY 11, 2025/ASHADHA 20, 1947 जित्त मत्रं ालय (रािस्ट्ि जिभाग) (केन्द्रीय प्रत्यक्ष कर बोडड) अजधसचू ना नई दिल्ली, 11 िुलाई, 2025 का.आ. 3153(अ).— आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (23चड.) के स्ट्पष्टीकरण 1 के खडं (ग) के उप-खडं (iv) द्वारा प्रित्त िजियों का प्रयोग करते हुए, केंर सरकार, एति ्द्वारा दिनांक 1 अप्रलै , 2025 को या इस तारीख से िासकीय रािपत्र इस अजधसूचना के प्रकाजित होने की तारीख से की गई या दकए िाने से छूट गई बातों के जसिाय, भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खडं (ii) में प्रकाजित दिनांक 21 िलु ाई, 2022 की भारत सरकार के जित्त मंत्रालय, रािस्ट्ि जिभाग (केंरीय प्रत्यक्ष कर बोड)ड की अजधसूचना संख्या [अजधसचू ना संख्या 86/2022/फा.स.ं 500/पीएफ1/एस10(23चड.)/एफटी एंड टीआर-II] का.आ. 3324(अ) में जनम्नजलजखत और संिोधन करती ह,ै यथा:- 4622 GI/2025 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)] उि अजधसूचना म,ें प्रारंभ के परै ाग्राफ म,ें “31 माचड, 2025” अंकों, अक्षरों और िब्िों के स्ट्थान पर “31 माचड, 2030” अंक, अक्षर और िब्ि प्रजतस्ट्थाजपत दकए िाएगं े। [स.ं 99/2025/फा.स.ं 500/जिजिध/एस10(23चड.)/एफटीएंडटीआर-II] बह्नि तेलंगा, अवर सह्निव नोट: यह मूल अजधसूचना भारत के रािपत्र, असाधारण, भाग II, खंड 3, उप-खंड (ii) म ेंदिनाकं 21 िलु ाई, 2022 की अजधसूचना संख्या का. आ. 3324(अ) द्वारा प्रकाजित की गई थी और बाि म ें दिनांक 18 िुलाई, 2024 की अजधसूचना संख्या का. आ. 2855(अ) द्वारा संिोजधत की गई थी। MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 11th July, 2025 S.O. 3153(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. 86/2022/F. No. 500/PF1/S10(23FE)/FT&TR-II] number S.O. 3324(E), dated the 21st July, 2022 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. 99/2025/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. 3324(E), dated the 21st July, 2022 and subsequently amended vide notification number S.O. 2855(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.

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