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of <h1>Central Government specifies pension fund corporation under section 10(23FE) for tax exemption on eligible investments until March 2030</h1> The Central Government specified a pension fund corporation under section 10(23FE) of the Income-tax Act, 1961, granting tax exemption for eligible investments made in India until March 31, 2030. The specification requires compliance with nine conditions including filing returns by due dates, furnishing Form 10BBC certificates, maintaining segmented accounts, quarterly reporting of investments, remaining regulated under Ontario law, and ensuring earnings benefit only fund participants. The corporation must avoid borrowing for Indian investments and cannot participate in day-to-day operations of investees. Non-compliance with any condition renders the entity ineligible for tax exemption.
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