Method of calculation of the eligible investment and exempt income in respect of Sovereign Wealth Fund and Pension Fund u/s 10(23FE)
CBDT has made amendment of the Income tax Rules, 1962 for providing the method of calculation of the eligible investment and exempt income in respect of Sovereign Wealth Fund and Pension Fund under section 10(23FE) of the Income tax Act, 1961.
Income-tax Amendment (Thirteenth Amendment) Rules, 2022 notified by CBDT vide Notification No. 50/2022 has inserted a new Rule 2DCA as under:
Further, Form No. 10BBB of Intimation by Pension Fund of investment under clause (23FE) of section 10 has also been substituted.
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