Extension of sunset dates for several tax concessions pertaining to IFSC

Union Budget 2025-26 (Full) + Finance Bill, 2025

II. Extension of sunset dates for several tax concessions pertaining to IFSC

The sunset dates for commencement of operations of IFSC units for several tax concessions, or relocation of funds to IFSC, in clause (d) of sub-section (2) of section 80LA, clause (4D), clause (4F), clause (4H) of section 10 and clause (viiad) of section 47, is proposed to be extended to 31st day of March, 2030.

2. These amendments will take effect from the 1st day of April, 2025.

[Clauses 6, 13 & 19]

Full Text:

Union Budget 2025-26 (Full) + Finance Bill, 2025

Dated: 1-2-2025