Notification No. 35/2021 [ F. No. 370142/38/2020-TPL] / SO 1673(E)

Last updated: 24 April 2021

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This notification specifies the Canada Pension Plan Investment Board Private Holdings (4) Inc. as a designated entity eligible for tax exemption on investments made in India. The exemption applies to investments made between the notification date and 31st March 2024, provided specific conditions are met. These conditions include filing income tax returns, obtaining necessary certificates, maintaining segmented accounts, and adhering to Canadian regulations. Failure to comply with these conditions will result in the loss of tax exemption.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 22nd April, 2021 (INCOME-TAX) S.O.1673(E).In exercise of powers conferred by sub-clause (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 Private Holdings (4) Inc., (hereinafter refe

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1 Year PLAN

1999

(Excl. of GST ₹359)

BEST VALUE

2 Years PLAN

3499

(Excl. of GST ₹629)

3 Months PLAN

999

(Excl. of GST ₹179)

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FAQ :

The Canada Pension Plan Investment Board Private Holdings (4) Inc. is specified as the assessee.

Eligible investments must be made on or after the notification date and on or before 31st March 2024.

Key conditions include filing income tax returns on time, furnishing a certificate in Form No. 10BBC, intimating investment details in Form No. 10BBB, maintaining segmented accounts, and continuing to be regulated under Canadian law.

Violation of any conditions stipulated in the notification will render the assessee ineligible for the tax exemption.

This notification comes into force from the date of its publication in the Official Gazette.