Circular regarding guidelines under clause (23F) of Section 10 of the Income-tax Act, 1961 (dated – 09.05.2022) – CBDT.
View PdfCircular regarding guidelines under clause (23F) of Section 10 of the Income-tax Act, 1961 (dated – 09.05.2022) – CBDT.
- The Finance Act, 2020, inter-alia, inserted clause (23FE) in section 10 of the Income-tax Act, 1961 (hereinafter referred to as “the Act”) to provide for exemption to wholly owned subsidiaries of Abu Dhabi Investment Authority (ADIA), sovereign wealth funds (SWF) and pension funds (PF) [these are referred as “specified person” hereinafter] on their income in the nature of dividend, interest and long-term capital gains arising from investment made in infrastructure in India, during the period beginning with 01.04.2020 and ending on 31.03.2024 subject to fulfilment of certain conditions, refer attachment for further details.
