 "tax, taxes")
Investments by sovereign wealth funds (SWFs) and pension funds in 34 key infrastructure sectors including hotels, cold chains, educational institutions, hospitals and gas pipelines will get tax exemptions on some categories of incomes, the Central Board of Direct Taxes (CBDT) said on Tuesday.
In this regard, the CBDT aligned the definition of infrastructure with the harmonised master list of infrastructure sub-sectors notified by the Department of Economic Affairs in August, 2018.
These changes were proposed in the Budget and the Finance Act, 2020, provided the wholly-owned subsidiary of Abu Dhabi Investment Authority, SWFs and pensions funds exemptions on interest income, dividends and
