The Circular modify earlier circular 09/2025 dated 9th May 2022, relating to section 10(23FE) of the Income Tax Act. The section provides tax exemption for income of certain investment funds, including Sovereign Wealth Funds and Pension Funds, subject to specified conditions. The Finance Act, 2025 amended this clause to extend the deadline for making qualifying investments from 31st March 2025 to 31st March 2030. Accordingly, the earlier references to the date are now to be read as ‘31 March 2030’.