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MINISTRY OF FINANCE (Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)NOTIFICATION New Delhi, the 5th January, 2026(INCOME-TAX) S.O. 44(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 (43 of 1961) (hereinafter referred to as the Act), the Central Government hereby specifies the pension fund, namely, Inbar Holding RSC Limited (PAN: AAGCI2029C), (hereinafter referred to as the assessee) as
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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)
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FAQ :
The notification specifies Inbar Holding RSC Limited as a pension fund eligible for tax exemption under Section 10(23FE) of the Income-tax Act, 1961, for eligible investments made in India.
Eligible investments must be made in India on or after the notification's publication date and on or before 31st March 2030.
Key conditions include filing income tax returns on time, intimating investment details in Form No. 10BBB, furnishing a certificate in Form No. 10BBC, maintaining segmented accounts, and continuing to be regulated under Abu Dhabi or UAE laws.
Violation of any conditions stipulated in Section 10(23FE) or this notification will make the assessee ineligible for the tax exemption.
Yes, the assessee must intimate details of each investment made in India within one month from the end of the quarter in Form No. 10BBB.
No, the assessee shall not have any loans or borrowings, directly or indirectly, for the purpose of making investments in India.
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Source : http://egazette.gov.in/(S(qgj15za5cbtjftxo3f2lztvs))/ViewPDF.aspx