In a notification dated September 18, 2023, the Central Board of Direct Taxes (CBDT) has notified the ‘Clean Energy Investment Fund’ under Section 10(46) of the Income Tax Act. This notification, numbered 79/2023-Income Tax, extends tax benefits to the Clean Energy Investment Fund.
Under Section 10(46), income accruing or arising to the Clean Energy Investment Fund is exempt from income tax. This move is in line with the government’s efforts to promote investments in clean and renewable energy sources and aligns with its commitment to sustainable development.
Investors and entities involved in clean energy projects are encouraged to take advantage of this notification and explore opportunities to contribute to India’s clean energy transition.
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