Quick Summary
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 27th June, 2022 (INCOME-TAX) S.O. 2910(E).- In exercise of powers conferred by sub-clause (vi) of clause (b) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The Abu Dhabi-based Seventy Second Investment Company LLC has been specified for the exemption.
Investments made on or after the notification date but on or before March 31, 2024, qualify for the exemption.
Key conditions include filing income tax returns on time, getting accounts audited, and submitting quarterly statements regarding investments.
The company must continue to be owned and controlled, directly or indirectly, by the Government of Abu Dhabi.
Upon dissolution, the company's assets will vest in the Government of Abu Dhabi, barring payments to creditors or depositors for loans not related to Indian investments.
CAclubindia
