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CBDT notifies amendment on tax exemption for Sovereign Wealth Funds for investment in infra

CBDT notifies amendment on tax exemption for Sovereign Wealth Funds for investment in infra

The Central Board of Direct Taxes notified the amendment, which was first announced in the Union Budget in February, and has widened the definition of infrastructure to include sub-sectors of transport, logistics, energy, water and sanitation, communication, social and commercial infrastructure.