https://www.taxtmi.com/notifications?id=135511 Rule 2DB is amended to exclude payments to creditors or depositors for loans or borrowings taken for purposes other than making investments in India from clause (iii), omits clause (iv), and inserts an Explanation equating "loan and borrowing" with the definition in Explanation 2 to clause (23FE). Form No.10BBA is replaced by a new application requiring the pension fund to certify foreign constitution and regulation, tax status or exemption, fiduciary investment purpose for retirement-related benefits, exclusive use of earnings for beneficiaries (with limited creditor/depositor exception), limited non-participation in investee operations, and to attach constitutive documents and verification. en-us Thu, 15 Apr 2021 00:00:00 +0530 Wed, 02 Mar 2022 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135511 Rule 2DB is amended to exclude payments to creditors or depositors for loans or borrowings taken for purposes other than making investments in India from clause (iii), omits clause (iv), and inserts an Explanation equating "loan and borrowing" with the definition in Explanation 2 to clause (23FE). Form No.10BBA is replaced by a new application requiring the pension fund to certify foreign constitution and regulation, tax status or exemption, fiduciary investment purpose for retirement-related benefits, exclusive use of earnings for beneficiaries (with limited creditor/depositor exception), limited non-participation in investee operations, and to attach constitutive documents and verification. Notifications Income Tax Thu, 15 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135511