Budget: Tax breaks for sovereign wealth funds in infra extended by 5 years

Quick Summary:

Budget 2025 proposes to remove this anomaly.

This had resulted in an unintended tax levy on such exempted SWFs and pension funds.

The scheme, which was first launched in 2020 and was scheduled to lapse at the end of this financial year, will now be extended until March 31, 2030.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Tax benefits Wealth funds Tax rate Budget 2025 Union Budget Sovereign funds

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-01 @ 18:23:36 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 295 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25694378

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Official Website: business-standard.com

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Year Established: 1975

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News Last Updated: 2 hours ago

Coverage Areas: India

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