Central Government specifies the pension fund, namely, the Public Sector Pension Investment Board - 64/2021 - Income Tax

..... o as “the assessee”) as the specified person for the purposes of the said clause in respect of the eligible investment made by it in India on or after the date of publication of this notification in the Official Gazette but on or before the 31st day of March, 2024 (hereinafter referred to as “said investments”) subject to the fulfillment of the following conditions, namely:- (i) the assessee shall file return of income, for all the relevant previous years falling within t .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Central Government specifies the pension fund, namely, the Public Sector Pension Investment Board - 64/2021 - Income Tax

X X   X X   Extracts   X X   X X

..... s for exemption under clause (23FE) of section 10 of the Act; (v) the assessee shall continue to be regulated under the law of the Government of Canada; (vi) the assessee shall be responsible for administering or investing the assets for meeting the statutory obligations and defined contributions of one or more funds or plans established for providing retirement, social security, employment, disability, death benefits or any similar compensation to the participants or beneficiaries of such funds .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Central Government specifies the pension fund, namely, the Public Sector Pension Investment Board - 64/2021 - Income Tax

X X   X X   Extracts   X X   X X

..... r purpose other than the purpose listed as in clause (viii) provided that the said earnings are credited either to the account of Government of Canada or any other account designated by such Government so that no portion of the earnings inures any benefit to any private person; (x) the assessee shall not have any loans or borrowings [as defined in sub-clause (b) of clause (ii) of Explanation 2 to clause (23FE) of section 10 of the Act], directly or indirectly, for the purposes of making investme .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

Central Government specifies the pension fund, namely, the Public Sector Pension Investment Board - 64/2021 - Income Tax

X X   X X   Extracts   X X   X X