Central Government specifies the pension fund, namely, the Canada Pension Plan Investment Board Private Holdings (4) Inc - 35/2021 - Income Tax Act, 1961
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Tax exemption for specified pension fund allowed for eligible India investments subject to compliance and reporting obligations. CPP Investment Board Private Holdings (4) Inc. is specified as the specified person for the tax exemption under clause 23FE for eligible investments in India from publication until the terminal date, conditional on return filing, Form No.10BBC certification, Form No.10BBB quarterly disclosures, segmented accounts, continued Canadian regulation, administration of assets to meet statutory retirement and related obligations, restriction on use of earnings, prohibition on borrowings for investments in India, and non-participation in day-to-day investee operations; violation of conditions renders the fund ineligible.
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.
Tax exemption for specified pension fund allowed for eligible India investments subject to compliance and reporting obligations.
CPP Investment Board Private Holdings (4) Inc. is specified as the specified person for the tax exemption under clause 23FE for eligible investments in India from publication until the terminal date, conditional on return filing, Form No.10BBC certification, Form No.10BBB quarterly disclosures, segmented accounts, continued Canadian regulation, administration of assets to meet statutory retirement and related obligations, restriction on use of earnings, prohibition on borrowings for investments in India, and non-participation in day-to-day investee operations; violation of conditions renders the fund ineligible.
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