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TMI BlogCentral Government specifies the pension fund, namely, the Canada Pension Plan Investment BoardX X X X Extracts X X X X X X X X Extracts X X X X ..... iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961 (43 of 1961) (hereinafter referred to as the Act ), the Central Government hereby specifies the pension fund, namely, the Canada Pension Plan Investment Board, (hereinafter referred to as the assessee ) as the specified person for the purposes of the said clause in respect of the eligible investment m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the financial year, from an accountant as defined in the Explanation below sub-section (2) of section 288 of the Act , and as per the provisions of clause (vi) of rule 2DB of the Income-tax Rules, 1962 ; (iii) the assessee 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 , as per the pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ned contributions for participants or beneficiaries of funds or plans referred to in clause (vi) and no portion of the earnings or assets of the pension fund inures any benefit to any other private person; barring any payment made to creditors or depositors for loan or borrowing [as defined in sub-clause (b) of clause (ii) of Explanation 2 to clause (23FE) of section 10 of the Act ] taken for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ification shall render the assessee ineligible for the tax exemption. 3. This notification shall come into force from the date of its publication in the Official Gazette. [F. No. 370142/39/2020-TPL] JAVED AKHTAR, Director (Tax Policy and Legislation Division) ************** NOTES:- 1. Substituted vide Notification No. 56/2024 dated 18-07-2024 before it was read as, 31st day of March, 2024 - Noti ..... X X X X Extracts X X X X X X X X Extracts X X X X
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