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<h1>Sovereign Wealth Funds Required to Submit Quarterly Form II for Investments Under Section 10(23FE) of Income-tax Act</h1> A Sovereign Wealth Fund (SWF) must submit Form II to the Assessing Officer within a month after each financial quarter's end, detailing investments under clause (23FE) of section 10 of the Income-tax Act, 1961. The form requires information such as the investment date, amount, nature (debt or share capital), dividend or interest rates, and details of the entity receiving the investment. The form includes a verification section where the declarant confirms the accuracy and completeness of the information and affirms their authority to submit the form. This requirement was instituted by Circular No. 15 of 2020.
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