TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Sovereign wealth fund granted tax exemption under section 10(23FE) until March 2030 with compliance conditions</h1> The Central Government notified a sovereign wealth fund as a specified person under section 10(23FE) of the Income Tax Act, 1961, granting tax exemption for investments made in India from the notification date until March 31, 2030. The fund must comply with eleven conditions including filing income tax returns, maintaining audited accounts, submitting quarterly statements, being owned and controlled by the foreign government, holding investments for at least three years, and not participating in day-to-day operations of investee companies. The notification includes detailed audit report requirements and compliance verification procedures. Non-compliance with any condition renders the fund ineligible for tax exemption.
TaxTMI 