Tax exemption for pension fund: designation of Public Sector Pension Investment Board as specified person, subject to compliance. The Public Sector Pension Investment Board is designated as a specified person for the exemption under clause (23FE) of section 10 for eligible investments in India during the notified period, subject to conditions including timely return filing, Form No.10BBC certification, quarterly Form No.10BBB disclosures, maintenance of segmented accounts, regulation under Canadian law, use of assets to meet statutory obligations of retirement and related plans, limits on non qualifying assets, prohibition on borrowing to fund Indian investments, and restrictions on operational participation in investees. Violation of conditions removes eligibility.
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 pension fund: designation of Public Sector Pension Investment Board as specified person, subject to compliance.
The Public Sector Pension Investment Board is designated as a specified person for the exemption under clause (23FE) of section 10 for eligible investments in India during the notified period, subject to conditions including timely return filing, Form No.10BBC certification, quarterly Form No.10BBB disclosures, maintenance of segmented accounts, regulation under Canadian law, use of assets to meet statutory obligations of retirement and related plans, limits on non qualifying assets, prohibition on borrowing to fund Indian investments, and restrictions on operational participation in investees. Violation of conditions removes eligibility.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
