TMI BlogApplication for notification under sub-clause (iv) of clause (c) of Explanation 1 to the clause (23FE) of section 10 of the Income-tax Act, 1961X X X X Extracts X X X X X X X X Extracts X X X X ..... Income-tax Act, 1961 and therefore, it is requested that necessary notification may kindly be issued, the details for which are as under: (a) Name of the Pension Fund : (b) Address of the Pension Fund (c) Tax Identification Number of the country of residence : (d) Country of residence : (e) Permanent Account Number (PAN) : 2.. It is hereby certified that- (a) the Pension Fund is created or established under the law of _____________ (please mention the name of the foreign country including any of its political constituents like province/state/local body etc.) and is regulated under that law; (b) the Pension Fund is not liable to tax in the foreign country mentioned at (a) above or if liable to tax, exemption from ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... plans other than the plans established for providing retirement, social security, employment, disability, death benefits or any similar compensation to the participants or beneficiaries of such funds or plans are credited either to the account of the Government of the foreign country mentioned at (a) or to any other account designated by such Government so that no portion of the earnings inures any benefit to any private person; (strike off whichever is not applicable) and (e) the Pension Fund does not participate in the day to day operations of investee ^ barring any monitoring mechanism to protect the investment with the investee including the right to appoint directors or executive director. 3. In support of the claims made above, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ************* NOTES:- 1. Inserted vide NOTIFICATION NO. 67/2020 dated 17-08-2020 2. Substituted vide NOTIFICATION NO. 32/2021 dated 15-04-2021 before it was read as 1 [Form No. 10BBA [See sub-rule (1) of rule 2DC] Application for notification under sub-clause (iv) of clause (c) of Explanation to the clause (23FE) of section 10 of the Income-tax Act, 1961 (Pension Fund) To, The Member (Legislation), CBDT (For application during Financial Year 2020-2021)**/ The Member (Having control over the Foreign Tax and Tax Research Division) (For application during other financial year)** Madam/ Sir, The applicant is a Pension Fund and interested in making investment in terms of clause (23FE) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ndia. 3. In support of the claims made above, the following documents are attached: (a) documents constituting the Pension Fund and any later amendment thereto, and (b) any other relevant document or information. Verification* I, ___________________, son/ daughter/ wife** of Shri ______________, solemnly declare that to the best of my knowledge and belief, the information given in this application and the annexures and documents, if any, accompanying it are correct and complete and particulars shown therein are truly stated. 2. I further declare that to the best of my knowledge; I have not concealed any fact or information which could be relevant for this application. 3. I also declare that I am making this applica ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y certified that- (a) the Pension Fund is created or established under the law of _____________ (please mention the name of the foreign country including any of its political constituents like province/ state/ local body etc.) and is regulated under that law; (b) the Pension Fund is not liable to tax in the foreign country mentioned at (a) above or if liable to tax, exemption from taxation for all its income has been provided by such foreign country; (c) the Pension Fund is responsible for administering or investing the assets for meeting the statutorily obligations and defined contributions of one or more funds or plans established for providing retirement, social security, employment, disability, death benefits or any similar com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hat I am making this application in my capacity as __________ (designation) and that I am holding PAN/ Aadhaar** _____ and I am competent to make this application and verify it. Verified today the ___________ day of ______________ Place __________ (Signature) ________________ Name ________________ Notes: 1. **Delete whichever is not applicable. 2. *To be signed by the person competent to verify the return of income under section 140 of the Income-tax Act, 1961. 3.^ An investee shall have the same meaning as in clause (i) of Explanation 2 to clause (23FE) of section 10 of the Income-tax Act, 1961. 4. loan and borrowing shall have the same meaning as in sub-clause (b) of clause (ii) of Explanation 2 to clause (23FE ..... X X X X Extracts X X X X X X X X Extracts X X X X
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