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of <h1>Pension fund granted tax exemption under section 10(23FE) until March 2030 with nine compliance conditions</h1> The Central Board of Direct Taxes specified a pension fund as an eligible entity for tax exemption under section 10(23FE) of the Income-tax Act, 1961, for investments made in India until March 31, 2030. The notification establishes nine conditions including filing annual returns with Form 10BBC certificates, quarterly investment reporting via Form 10BBB, maintaining segmented accounts, remaining regulated under Ontario law, and restricting fund usage to statutory obligations for retirement benefits. The entity must avoid day-to-day operations participation in investees and cannot use borrowings for Indian investments. Non-compliance renders the exemption invalid.
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