https://www.taxtmi.com/notifications?id=139423 The notification specifies the Public Investment Fund as the specified person for exemption under clause (23FE) of section 10 for investments in India made up to 31 March 2030, subject to conditions: timely filing of returns; statutory audit and submission of the prescribed audit report; quarterly electronic reporting in Form II; maintenance of segmented accounts; minimum three year holding; exclusive government ownership and control; regulation under the Government of the Kingdom of Saudi Arabia; prohibition on borrowings for investment in India; earnings to accrue to the Government; and restrictions on day to day participation in investees. en-us Wed, 16 Nov 2022 00:00:00 +0530 Sun, 13 Jul 2025 01:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=139423 The notification specifies the Public Investment Fund as the specified person for exemption under clause (23FE) of section 10 for investments in India made up to 31 March 2030, subject to conditions: timely filing of returns; statutory audit and submission of the prescribed audit report; quarterly electronic reporting in Form II; maintenance of segmented accounts; minimum three year holding; exclusive government ownership and control; regulation under the Government of the Kingdom of Saudi Arabia; prohibition on borrowings for investment in India; earnings to accrue to the Government; and restrictions on day to day participation in investees. Notifications Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=139423