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TMI BlogIncome-tax (20th Amendment) Rules, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... law of a foreign country including the laws made by any of its political constituents being a province, state or local body, by whatever name called, under which it is created or established, as the case may be; (ii) it is 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 or plans, as the case may be; (iii) the earnings and assets of the pension fund are used only for meeting statutory obligations and defined contributions for participants or beneficiaries of funds or plans referred to in clause (ii) and no portion of the earnings or assets of the pension fund inures any benefit to any other private person; (iv) it does not undertake any commercial activity whether within or outside India; (v) it shall intimate the details in respect of each investment made by it in India during the quarter within one month from the end of the quarter in Form No. 10BBB; (vi) it shall file return of income on or before ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y 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) is not liable to tax in the foreign country mentioned at (a) above; (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 compensation to the participants or beneficiaries of such funds or plans, as the case may be; (d) the earnings and assets of the pension fund are used only for meeting statutory obligations and defined contributions for participants or beneficiaries of funds or plans referred to in (c) above and no portion of the earnings or assets of the pension fund inures any benefit to any other private person; and (e) the pension fund does not undertake any commercial activity ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PAN (1) (2) (3) (4) (5) (6) (7) (8) 1. 2. Total Verification* I, ___________________, son/ daughter/ wife** of Shri _______________,solemnly declare that to the best of my knowledge and belief, the information given above is 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 relevant fact or information. 3. I also declare that I am making this application in my capacity as __________ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (ii) *the pension fund has not sold any of the investments made for the purposes of exemption under clause (23FE) of section 10 of the Income-tax Act, 1961 before the expiry of three years from the date on which the investment was made in respect of the said exemption/the pension fund has sold certain investments made for the purposes of exemption under clause (23FE) of section 10 of the Income-tax Act, 1961 before the expiry of three years from the date on which the investment was made in respect of the said exemption, the details of which are as under: Sl. No. Date of Invest-ment Amount Nature [Debt/ Share Capital (Equity/ Preference)/ Unit] Rate of Dividend, if any, (Preference Share/ Unit)/ Interest (Debt) Details of the entity in which Investment made Date of sale Business Trust/ Company or enterprise or entity/ Alternative Investment Fund Name PAN (1) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ies or its associated concerns. 3. I/ we* fully understand that any statement made in this certificate, if proved incorrect or false, will render me/us* liable for any penal or other consequences as may be prescribed in law or is otherwise warranted. Verified today the ___________ day of ______________ Place __________ (Signature and Stamp/ Seal of the Signatory) Accountant____________________ Name of the Signatory___________________ Membership No.__________________ Full Address __________________ Notes: 1. *Delete whichever is not applicable. 2. This certificate is to be given by an accountant as defined in the Explanation below sub-section (2) of section 288 of the Income-tax Act, 1961. . [F. No. 370142/28/2020-TPL] NEHA SAHAY, Under Secy. (Tax Policy and Legislation Division) Note : The principal rules were published in the Gazette of India Extraordinary, Part III, Section 3, Sub-section (ii), vide notification number S.O. 969(E), dated the 26th March, 1962 and last amended vide notification number G.S.R. No. 499(E) dated the 10th August, 2020 . - Notification Tax Management India - taxmanagementindia - taxmanagement - ..... X X X X Extracts X X X X X X X X Extracts X X X X
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