MANU/CBDT/0067/2021

Ministry : Ministry of Finance

Department/Board : CBDT

Notification No. : 62/2021

Date of Notification : 13.05.2021

Date of Publication : 13.05.2021

Notification/ Circulars Referred : Circular No. 15 of 2020, dated the 22nd July, 2020 MANU/DTCR/0016/2020 Circular No. 15 of 2020, dated the 22nd July, 2020 MANU/DTCR/0016/2020

Citing Reference:
Circular No. 15 of 2020, dated the 22nd July, 2020 MANU/DTCR/0016/2020  Referred

Circular No. 15 of 2020, dated the 22nd July, 2020 MANU/DTCR/0016/2020  Referred

Central Government hereby specifies the sovereign wealth fund, namely, the CDC Group Plc as the specified person for the purposes of clause (23FE) of Section 10 of the Income-Tax Act, 1961

S.O.1852(E).--In exercise of the 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(43 of 1961) (hereinafter referred to as the "Act"), the Central Government hereby specifies the sovereign wealth fund, namely, the CDC Group Plc., (hereinafter referred to as "the assessee") as the specified person for the purposes of the said clause in respect of the investment made by it in India on or after the date of publication of this notification in the Official Gazette but on or before the 31st day of March, 2024 (hereinafter referred to as "said investments") subject to the fulfilment of the following conditions, namely:-

(i) the assessee shall file return of income, for all the relevant previous years falling within the period beginning from the date in which the said investment has been made and ending on the date on which such investment is liquidated, on or before the due date specified for furnishing the return of income under sub-section (1) of section 139 of the Act;

(ii) the assessee shall get its books of account audited for the previous years referred to in clause (i) by any accountant specified in the Explanation below sub-section (2) of section 288 of the Act and furnish the Audit Report in the format annexed as Annexure to this notification herewith at least one mon........