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of <h1>Canadian pension fund granted tax exemption under section 10(23FE) for India investments through 2030</h1> The Central Government specified a Canadian pension fund as an eligible entity for tax exemption under section 10(23FE) of the Income Tax Act for investments made in India until March 31, 2030. The notification establishes eleven conditions including filing annual returns with Form 10BBC certificates, quarterly reporting via Form 10BBB, maintaining segmented accounts, remaining regulated under Ontario law, and ensuring assets serve only statutory pension obligations. The fund must not exceed ten percent asset allocation for non-pension purposes, cannot borrow for Indian investments, and must avoid participating in investee company operations while retaining monitoring rights. Violation of any condition renders the entity ineligible for tax exemption.
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