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<h1>New Income Tax Rules for Pension Funds: Reporting, Compliance, and Regulation Requirements u/s 10(23FE.</h1> The Income-tax (20th Amendment) Rules, 2020, effective from August 17, 2020, introduce new conditions for pension funds under clause (23FE) of section 10 of the Income-tax Act, 1961. These rules specify that pension funds must be regulated by foreign laws, use earnings solely for statutory obligations, and not engage in commercial activities. They must report investments in India quarterly using Form No. 10BBB and file income returns with a compliance certificate in Form No. 10BBC. Guidelines for notification applications are outlined, requiring submission in Form No. 10BBA to the Central Board of Direct Taxes.