Income Tax

CBDT notifies two sovereign wealth funds and three Pension Funds u/s 10(23FE)

CBDT notifies two sovereign wealth funds and three Pension Funds u/s 10(23FE)
 
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:
 
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

Share

Recent Posts

  • DGFT

A Notification acquires force of law only upon its publication in Official Gazette – SC

Notification issued acquires the force of law only upon its publication in the Official Gazette – Supreme Court In a…

2 hours ago
  • Income Tax

Case remitted to verify claim of RTO liaisoner that cash deposited belonged to vehicle owners

Case remitted to verify claim of RTO liaisoner that the cash deposited in his account was of vehicle owners and…

3 hours ago
  • Empanelment

J&K Bank Ltd. invites on-line applications for empanelment as Stock Auditors

The Jammu & Kashmir Bank Ltd. invites on-line applications for empanelment as Stock Auditors for 3 Financial Years i.e. from…

12 hours ago
  • Income Tax

Broken period interest on securities held as stock-in-trade is revenue expenditure

Broken period interest paid on purchase of securities was revenue expenditure since the securities constituted stock-in-trade In a recent judgment,…

13 hours ago
  • Income Tax

Reassessment on basis of borrowed belief of Anti-Corruption Bureau quashed

ITAT quashed reassessment on the basis of borrowed belief of Anti-Corruption Bureau without applying mind In a recent judgment, ITAT…

1 day ago
  • Income Tax

In considering disallowance u/s 40A(2) genuineness of expenditure not relevant issue

In considering disallowance u/s 40A(2) for payments to specified persons, genuineness of expenditure is not a relevant issue. In a…

1 day ago