https://www.taxtmi.com/notifications?id=135552 The amendment to rule 2DB permits a pension fund to hold up to ten per cent of its assets in instruments wholly owned by a foreign Government that vest in that Government on dissolution, deeming clause (ii) satisfied when conditions are met. Earnings from such assets are excluded from clause (iii) if credited to the foreign Government or a designated account so no portion inures to private persons. The amendment also replaces the pension fund notification application form, requiring certifications on establishment, tax status, purpose of assets, restrictions on non-qualifying investments, non-distribution of earnings, limited operational participation, and supporting documents with verification. en-us Mon, 26 Apr 2021 00:00:00 +0530 Wed, 02 Mar 2022 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135552 The amendment to rule 2DB permits a pension fund to hold up to ten per cent of its assets in instruments wholly owned by a foreign Government that vest in that Government on dissolution, deeming clause (ii) satisfied when conditions are met. Earnings from such assets are excluded from clause (iii) if credited to the foreign Government or a designated account so no portion inures to private persons. The amendment also replaces the pension fund notification application form, requiring certifications on establishment, tax status, purpose of assets, restrictions on non-qualifying investments, non-distribution of earnings, limited operational participation, and supporting documents with verification. Notifications Income Tax Mon, 26 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135552