Specified pension fund recognition conditions tax exemption on qualifying investments subject to reporting, governance, and use of funds safeguards. Specification designates CDPQ Infrastructures Asia III Inc. as a specified person under clause (23FE) of section 10 for eligible investments in India up to the notified cut-off, subject to conditions including filing timely returns, furnishing Form No.10BBC certified by an accountant, quarterly investment disclosures in Form No.10BBB, maintenance of segmented accounts, continued regulation under Que bec law, exclusive use of earnings and assets to meet statutory obligations of pension or similar plans, restrictions on non-core assets, prohibition on borrowings for Indian investments, and limits on operational participation in investees.
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.
Specified pension fund recognition conditions tax exemption on qualifying investments subject to reporting, governance, and use of funds safeguards.
Specification designates CDPQ Infrastructures Asia III Inc. as a specified person under clause (23FE) of section 10 for eligible investments in India up to the notified cut-off, subject to conditions including filing timely returns, furnishing Form No.10BBC certified by an accountant, quarterly investment disclosures in Form No.10BBB, maintenance of segmented accounts, continued regulation under Que bec law, exclusive use of earnings and assets to meet statutory obligations of pension or similar plans, restrictions on non-core assets, prohibition on borrowings for Indian investments, and limits on operational participation in investees.
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