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Budget 2024: Continuity of SWFs/ PF tax benefits by extending sunset clause to 31 March 2025 – Augurs well for Infrastructure Sector

The Finance Minister presented the Interim Budget 2024, which focuses on infrastructure and investment. The budget allocates over ₹11 Lakh crore for the upcoming year, constituting 3.4% of the GDP. The government recognizes the importance of green energy and aims to achieve net-zero by 2070. In order to finance infrastructure projects, the government has extended the tax exemption for qualifying investments made by Sovereign Wealth Funds and Pension Funds until March 2025. ....

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