Income Tax:  The Central Board of Direct Taxes (CBDT) has notified that businesses engaged in infrastructure sub-sectors covered under the Updated Harmonised Master List, notified by the Department of Economic Affairs, will qualify as specified businesses for the purposes of Schedule V [Table: Sl. No. 7] of the Income-tax Act, 2025. The notification takes effect from 1 June 2026.(02.06.2026)

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Income Tax: 

The Central Board of Direct Taxes (CBDT) has notified that businesses engaged in infrastructure sub-sectors covered under the Updated Harmonised Master List, notified by the Department of Economic Affairs, will qualify as specified businesses for the purposes of Schedule V [Table: Sl. No. 7] of the Income-tax Act, 2025. The notification takes effect from 1 June 2026.

[Notification [No. 70/2026/F.No. 500/Misc./S10(23FE)/FT&TR-II dated 01.06.2026]