Quick Summary
MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 17th May, 2021 (INCOME-TAX) S.O. 1889(E).In exercise of the 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 (43of 1961) (hereinafter referred to as the Act), the Central Government hereby specifies the pension fund, namely, the Indo-Infra Inc., (hereinafter referred to as the assessee) as the specified pe
Daily Limit Reached
You have reached your daily limit of 2 Free Notice & Circular
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited Notice & Circular Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
1 Year PLAN
1999
(Excl. of GST ₹359)
2 Years PLAN
3499
(Excl. of GST ₹629)
BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)
View all CCI PRO benefits
Already a PRO member? Login here for an ad-free experience. 07941056694
FAQ :
Indo-Infra Inc., a pension fund, is specified as eligible for tax exemption on its eligible investments made in India.
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 quarterly, and maintaining segmented accounts for investments.
Yes, Indo-Infra Inc. must continue to be regulated under the law of the Government of Canada.
Violation of any stipulated conditions will render Indo-Infra Inc. ineligible for the tax exemption.
No, Indo-Infra Inc. shall not have any loans or borrowings, directly or indirectly, for the purpose of making investments in India.
CAclubindia
Source : https://www.incometaxindia.gov.in/communications/notification/notification_67_2021.pdf