Pension fund exemption requirements: foreign pension funds must meet regulatory, reporting and certification conditions for tax exemption. The rules prescribe that foreign pension funds seeking exemption must be regulated under foreign law, administer assets for statutory retirement or similar plans, restrict earnings and assets to beneficiary obligations without commercial activity, intimate each Indian investment quarterly using Form No. 10BBB, and file annual returns with a compliance certificate in Form No. 10BBC from an accountant confirming compliance and detailing eligible investments and disposals.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Pension fund exemption requirements: foreign pension funds must meet regulatory, reporting and certification conditions for tax exemption.
The rules prescribe that foreign pension funds seeking exemption must be regulated under foreign law, administer assets for statutory retirement or similar plans, restrict earnings and assets to beneficiary obligations without commercial activity, intimate each Indian investment quarterly using Form No. 10BBB, and file annual returns with a compliance certificate in Form No. 10BBC from an accountant confirming compliance and detailing eligible investments and disposals.
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