https://www.taxtmi.com/notifications?id=139302 The Central Government specifies 2589555 Ontario Limited as a specified person eligible for exemption under clause (23FE) for investments in India, subject to conditions: timely filing of income-tax returns, furnishing Form No. 10BBC, quarterly intimations in Form No. 10BBB, maintaining segmented accounts, remaining regulated under Ontario law, administering assets only to meet statutory obligations and defined contributions for beneficiaries, prohibition on borrowings for making investments in India, restriction on day-to-day participation in investees, and preservation of assets and earnings solely for participants or beneficiaries; breach voids eligibility. en-us Thu, 13 Oct 2022 00:00:00 +0530 Sun, 13 Jul 2025 00:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139302 The Central Government specifies 2589555 Ontario Limited as a specified person eligible for exemption under clause (23FE) for investments in India, subject to conditions: timely filing of income-tax returns, furnishing Form No. 10BBC, quarterly intimations in Form No. 10BBB, maintaining segmented accounts, remaining regulated under Ontario law, administering assets only to meet statutory obligations and defined contributions for beneficiaries, prohibition on borrowings for making investments in India, restriction on day-to-day participation in investees, and preservation of assets and earnings solely for participants or beneficiaries; breach voids eligibility. Notifications Income Tax Thu, 13 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139302