Amendment of section 10.

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....istered under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992.);'; (c) in clause (4F), for the figures "2025", the figures "2030" shall be substituted; (d) in clause (4H),-- (i) in the opening portion,-- (A) for the word "aircraft" at both the places where it occurs, the words "aircraft or a ship" shall be substituted; (B) for the figures "2026", the figures "2030" shall be substituted; (ii) for the Explanation, the following Explanation shall be substituted, namely:-- 'Explanation.-For the purposes of this clause,- (a) "aircraft" means an aircraft or a helicopter,....

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....minor, as per the terms and conditions, specified under the Pension Fund Regulatory and Development Authority Act, 2013 (23 of 2013.) and the regulations made thereunder, to the extent it does not exceed twenty-five per cent. of the amount of contributions made by him;"; (g) in clause (23FE),-- (i) in the opening portion, after the words "long-term capital gains", the brackets, words, figures and letters "(whether or not such capital gains are deemed as short-term capital gains under section 50AA)" shall be inserted; (ii) in sub-clause (i), for the figures "2025", the figures "2030" shall be substituted; (h) in clause (34B),-- (i) for the word "aircraft" at both the places where it occurs, the words "aircraf....

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.... 80LA, and fulfilling the conditions as may be provided by rules, shall not be included. It is proposed to amend the said clause to insert "or any Foreign Portfolio Investor being a unit of an International Financial Services Centre" so as to bring it within the ambit of the said clause. It is further proposed to insert an Explanation to the said clause to define the expression "Foreign Portfolio Investor" to mean a person registered as per the provisions of the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019 made under the Securities and Exchange Board of India Act, 1992. These amendments will take effect from 1st April, 2026 and will, accordingly, apply in relation to the assessment year 202....

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....the sum allocated by way of bonus on such policy. It is also proposed to insert an Explanation to the eighth proviso to the said clause to provide that "International Financial Services Centre insurance intermediary office" shall have the same meaning as assigned to it in clause (s) of sub-regulation (1) of regulation 3 of the International Financial Services Centres Authority (Insurance Intermediary) Regulations, 2021, made under the International Financial Services Centres Authority Act, 2019. These amendments will take effect from 1st April, 2025. It is also proposed to insert a new clause (12BA) in the said section so as to provide that any payment from the National Pension System Trust to an assessee, being the parent or guard....