Notification for Granting Exemption from tax to Specification of Social Protection Fund (SPF) under section 11 of the Income-tax Act, 2025

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.... (INCOME-TAX) S.O. 3890(E).- In exercise of the powers conferred by Schedule V [Table: Sl. No. 7. Note 5(a)(iii)(D)] read with section 11 of the Income-tax Act, 2025 (hereinafter referred to as the said Act), the Central Government hereby specifies the pension fund, namely, Social Protection Fund(SPF) (PAN: ABOCS3010J) (hereinafter referred to as the assessee) as the specified person for the....

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....se 1(h) of rule 282 of the Income Tax Rules, 2026; (b) the assessee shall intimate the details in respect of each investment made by it in India during the quarter within one month from the end of the quarter in Form No. 175, as per provisions of clause 1(g) of Rule 282 of the Income Tax rules, 2026; (c) the assessee shall maintain a segmented account of income and expenditure in....

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.... (e) and no portion of the earnings or assets of the pension fund inures any benefit to any other private person; barring any payment made to creditors or depositors for loan taken or borrowing (as defined in Schedule V [Table: Sl. No. 7. Note 5(c)] to the said Act) for the purposes other than for making investment in India; (g) the assessee shall not have any loans or borrowings (as defi....