Notification No. 84/2024 [F.No. 500/Misc./S10(23FE)/FT&TR-II] / SO 2860(E)

What it does

Under sub-clause (vi) of clause (b) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961, the Central Government amends the notification S.O. 4893(E) dated 14 October 2022 [Notification No. 115/2022]. In its opening paragraph, '31st day of March, 2024' is substituted by '31st day of March, 2025', giving the notified sovereign wealth fund a further year in which to make eligible investments in India. The amendment applies except as respects things done or omitted to have been done on and from 1 April 2024 till the date of publication of this notification in the Official Gazette.

Who it reaches

the fund notified by S.O. 4893(E) dated 14 October 2022
Indian investee companies and infrastructure entities it funds
payers deducting tax at source on its Indian income

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.3	s.3
s.10	s.11, s.19

The instrument, as the Board published it

The department publishes this one only as a PDF, so the words below were read out of that PDF by machine. That reading can carry its own mistakes — a misread number, a broken line. Check the signed document before you rely on a figure in it.

2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 18th July, 2024
S.O. 2860(E).– In exercise of the powers conferred by sub-clause (vi) of clause (b) 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 amendment in the notification of the Government of India in the Ministry of Finance, Department of Revenue (Central Board of Direct Taxes) number S.O. 4893(E), dated the 14th October, 2022[NotificationNo.115/2022/F.No. 500/SWF5/S10(23FE)/FT&TR-II(Pt.2)] published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii), except as respects things done or omitted to have been done on and from the 1st day of April, 2024 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, 2024", the figures, letters and words "31st day of March, 2025" shall be substituted.
[Notification No. 84/2024/F.No. 500/Misc./S10(23FE)/FT&TR-II]
APOORV TIWAR, 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. 4893(E), dated the 14th October, 2022.

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.

From when

1 April 2024, retrospectively, save as respects things done or omitted to be done from that date till publication in the Official Gazette.

What to watch

The saving clause covers things done or omitted between 1 April 2024 and the date of publication.
The power exercised is under clause (b) of Explanation 1, the sovereign wealth fund limb.
Only the outer investment date moves; the other conditions of the principal notification remain, and it had not been amended before.

Where you meet it

In the fund's returns and compliance filings for investments made after 31 March 2024, and in exemption questions on its Indian investment income.

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 94/2026 [F. No. 370142/24/2026-TPL] / G.S.R. 646(E) : Income-tax (Second Amendment) Rules, 2026 : Amendment of rule 157 of the Income tax Rules, 2026 to align the definition of the specified fund with rule 114AAB of the Income tax Rules, 1962 — Ministry of Finance 21 July 2026
Notification No. 64 — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 7 16 April 2026
Notification No. 63/2026 [F. No. 370142/13/2026-TPL]/ GSR 268(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)] 10 April 2026
Notification No. 62/2026 [F. No. 370142/10/2026-TPL]/ GSR 267(E) — Ministry of Finance 10 April 2026
Notification No. 61/2026 [F. No. 370142/9/2026-TPL] / GSR 266(E) — [भाग II—खण् ड 3(i)] भारत का रािपत्र : असाधारण 3 10 April 2026
Notification No. 60/2026 [F. No. 370142/8/2026-TPL]/ GSR 265(E) — 2 the Gazette of INDIA : Extraordinary [Part Ii—sec. 3(i)] 10 April 2026

← Notification No. 83/2024 [F.No. 500/Misc./S10(23FE)/FT&TR-II] / SO 2859(E) · Notification No. 85/2024 [F.No. 500/Misc./S10(23FE)/FT&TR-II] / SO 2861(E) →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.

What this is