https://www.taxtmi.com/notifications?id=135666 The Central Government designates CDC Group Plc as a specified sovereign wealth fund eligible for exemption under clause (23FE) of section 10 for investments in India made within the prescribed period, conditioned on timely income-tax returns, statutory audit and prescribed audit report, quarterly electronic investment statements in Form II, segmented accounts for exempt investments, continued UK government ownership and regulation, earnings accruing to the UK government, prohibition on borrowings for Indian investments, asset vesting to the UK government on dissolution, and no participation in day-to-day operations of investees; breach disqualifies the exemption. en-us Thu, 13 May 2021 00:00:00 +0530 Sun, 13 Jul 2025 00:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=135666 The Central Government designates CDC Group Plc as a specified sovereign wealth fund eligible for exemption under clause (23FE) of section 10 for investments in India made within the prescribed period, conditioned on timely income-tax returns, statutory audit and prescribed audit report, quarterly electronic investment statements in Form II, segmented accounts for exempt investments, continued UK government ownership and regulation, earnings accruing to the UK government, prohibition on borrowings for Indian investments, asset vesting to the UK government on dissolution, and no participation in day-to-day operations of investees; breach disqualifies the exemption. Notifications Income Tax Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=135666