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
Leave a Comment

Recent Posts

  • Income Tax

Assessment itself is not a process to penalise assessee for earning undisclosed income – High Court

Assessment itself is not a process to penalise assessee for earning undisclosed income – High Court upheld application of peak…

4 hours ago
  • Income Tax

Actual use of asset is not the sole test for allowability of depreciation – ITAT

Actual use of asset not the sole test for allowability of depreciation and it may be allowed when business only…

11 hours ago
  • Income Tax

Object of assessment proceedings is not to find empirically correct solution on every fact issue – HC

It can never be the object of assessment proceedings to find an empirically, absolutely correct solution on every fact issue…

1 week ago
  • Income Tax

Penalty u/s 270A deleted as assessee filed revised computation during scrutiny

Penalty u/s 270A deleted as assesse filed revised computation during scrutiny correcting the mistake which was noticed only after the…

1 week ago
  • Income Tax

Penalty u/s 271B for unfilled column 40 in Tax Audit Report Form 3CD deleted by ITAT

Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…

1 week ago
  • Income Tax

Merely ex-parte rectifying computation without amending assessment order not make it nullity- ITAT

Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment  - ITAT In…

2 weeks ago