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of <h1>Pension fund granted income tax exemption under Section 10(23FE) until March 2030 with eleven compliance conditions</h1> The Central Government specified a pension fund as an eligible entity for income tax exemption under Section 10(23FE) of the Income-tax Act, 1961. The notification allows the specified pension fund to claim tax exemption on eligible investments made in India from the notification date until March 31, 2030. The exemption is subject to eleven conditions including filing income tax returns, furnishing compliance certificates, maintaining segmented accounts, continuing regulation under Quebec law, and restricting asset usage to statutory obligations and defined contributions for retirement benefits. The fund must not participate in day-to-day operations of investees or use borrowed funds for Indian investments. Violation of any condition renders the entity ineligible for tax exemption.
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