Govt. notifies Norway based fund ‘Norfund’ as sovereign wealth fund for Sec. 10(23FE) exemption

The Central Government has specified the sovereign wealth fund, namely, the Norfund, Government of Norway as the specified person for the purposes of exemption under section 10(23FE). Norfund shall be eligible to claim exemption under said section in respect of investment made in India on or before 31-03-2024 subject to prescribed conditions.The Central Government has specified the sovereign wealth fund, namely, the Norfund, Government of Norway as the specified person for the purposes of exemption under section 10(23FE). Norfund shall be eligible to claim exemption under said section in respect of investment made in India on or before 31-03-2024 subject to prescribed conditions.taxmann.com Latest Statutory HappeningsRead More

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