Specified person status under clause 23FE sec 10 permits pension fund tax exemption for eligible India investments subject to compliance. Specification of 2726247 Ontario Inc. as a specified person under clause (23FE) of section 10 for eligible investments in India until 31st March, 2030, subject to conditions including timely return filing, Form No. 10BBC certification, quarterly Form No. 10BBB reporting, segmented accounts, continued regulation under Ontario law, administration of assets to meet statutory obligations for retirement and similar plans, limitation on non-core assets, prohibition on borrowings for India investments, and restriction of day-to-day 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 person status under clause 23FE sec 10 permits pension fund tax exemption for eligible India investments subject to compliance.
Specification of 2726247 Ontario Inc. as a specified person under clause (23FE) of section 10 for eligible investments in India until 31st March, 2030, subject to conditions including timely return filing, Form No. 10BBC certification, quarterly Form No. 10BBB reporting, segmented accounts, continued regulation under Ontario law, administration of assets to meet statutory obligations for retirement and similar plans, limitation on non-core assets, prohibition on borrowings for India investments, and restriction of day-to-day participation in investees.
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