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

This notification, S.O. 3131(E), issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, and dated July 11, 2025, amends Notification No. 35/2021 [F.No. 370142/38/2020-TPL number S.O. 1673(E)], dated April 22, 2021. The amendment, made 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, extends the applicability of the principal notification. Specifically, the notification substitutes "31st day of March, 2030" for "31st day of March, 2025" in the opening paragraph of S.O. 1673(E). This change is effective from the date of publication in the Official Gazette, except for actions taken between April 1, 2025, and the publication date. The notification number is 77/2025 [F. No. 500/Misc./S1023/FEFT/TRII]. BAHNI TELENGA, Under Secretary, signed the notification. The principal notification, S.O. 1673(E), was initially published on April 22, 2021, and subsequently amended by notifications S.O. 1841(E) dated May 10, 2021, and S.O. 2833(E) dated July 18, 2024.

Key Entities Referenced

Income-tax Act, 1961: A law that provides for the levy, administration, collection and recovery of income tax in India. Central Board of Direct Taxes: A government organization responsible for the formulation and implementation of policies related to direct taxes. Ministry of Finance: A department of the Government of India responsible for economic and financial matters. New Delhi: The capital of India, located in Delhi. Gazette of India: An official publication of the Government of India, publishing legal notifications and acts. S.O. 1673E: An official order number related to a notification published in the Gazette of India. S.O. 1841E: An official order number related to a notification published in the Gazette of India. S.O. 2833E: An official order number related to a notification published in the Gazette of India.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-डी.एल.-अ.-12072025-264552 xxxGIDHxxx CG-DLxx-ExG-I1D2E0x7x2x0 25-264552 असाधारण EXTRAORDINARY भाग II—खण् ड 3—उप-खण्ड (ii) PART II—Section 3—Sub-section (ii) प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 3061] नई दिल्ली, िुक्रिार, िुलाई 11, 2025/आषाढ़ 20, 1947 No. 3061] 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. 3131(अ).— आयकर अजधजनयम, 1961 (1961 का 43) की धारा 10 के खंड (23चड.) के स्ट्पष्टीकरण 1 के खंड (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-खंड (ii) में प्रकाजित दिनांक 22 अप्रलै , 2021 की भारत सरकार के जित्त मंत्रालय, रािस्ट्ि जिभाग (केंरीय प्रत्यक्ष कर बोडड) की अजधसूचना [अजधसूचना संख्या 35/2021/फा.स.ं 370142/38/2020-टीपीएल] संख्या का. आ. 1673 (अ) में जनम्नजलजखत और आगे संिोधन करती ह,ै यथा:- 4600 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 िाएंगे। [सं. 77/2025/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-खडं (ii) म ें दिनांक 22 अप्रलै , 2021 की अजधसूचना संख्या का. आ. 1673(अ) द्वारा प्रकाजित की गई थी और बाि में दिनांक 10 मई, 2021 की अजधसूचना संख्या का. आ. 1841(अ) और दिनांक 18 िुलाई, 2024 की अजधसूचना संख्या का. आ. 2833(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. 3131(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. 35/2021/F.No. 370142/38/2020-TPL) number S.O. 1673(E), dated the 22nd April, 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. 77/2025/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. 1673(E), dated the 22nd April, 2021 and subsequently amended vide notification number S.O. 1841(E), dated the 10th May, 2021 and S.O. 2833(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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