CBDT notifies ‘Seventy Second Investment Company LLC’ as sovereign wealth fund for Sec. 10(23FE) exemption

The Central Board of Direct Taxes (CBDT) has notified the ‘Seventy Second Investment Company LLC’, as sovereign wealth fund for the purpose of section 10(23FE) exemption. Any income in the nature of dividend, interest, or long-term capital gain arising from an investment made by it on or after 27-06-2022 but on or before 31-03-2024 shall be entitled for exemption subject to the fulfilment of specified conditions.The Central Board of Direct Taxes (CBDT) has notified the ‘Seventy Second Investment Company LLC’, as sovereign wealth fund for the purpose of section 10(23FE) exemption. Any income in the nature of dividend, interest, or long-term capital gain arising from an investment made by it on or after 27-06-2022 but on or before 31-03-2024 shall be entitled for exemption subject to the fulfilment of specified conditions.taxmann.com Latest Statutory HappeningsRead More

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