CBDT notifies two sovereign wealth funds and three Pension Funds u/s 10(23FE)
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The CBDT has notified more sovereign wealth fund and Pension Funds under section 10(23FE) of the Income Tax Act 1961 (the Act) as the specified person for the purposes of the clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Act in respect of the investment made by it in India on or after the date publication of this notification in the Official Gazette but on or before the 31st day of March, 2024 subject to the fulfilment of the specified conditions:
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| The Public Sector Pension Investment Board | Pension fund | Notification No. 64/2021 dated 13th May 2021 |
| The CDC Group Plc. | Sovereign wealth fund | Notification No. 62/2021 dated 13th May 2021 |
| The Government Employees Superannuation Board | Pension Fund | Notification No. 65/2021 dated 13th May 2021 |
| The OMERS Administration Corporation | Pension Fund | Notification No. 66/2021 dated 13th May 2021 |
| Ministry of Economy and Finance (of the Republic of Korea) | Sovereign wealth fund | Notification No. 63/2021 dated 13th May 2021 |
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