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MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
NOTIFICATION
New Delhi, the 6th May, 2022
G.S.R. 341(E).—In exercise of the powers conferred by the Explanation 3 to clause (23FE) of
section 10 and fourth, fifth and sixth provisos to clause (23FE) of section 10, read with section 295 of
the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct taxes hereby makes the following
rules further to amend the Income-tax Rules,1962, namely :─
1. Short title and commencement.— (1) These rules may be called the Income-tax Amendment
(Thirteenth Amendment) Rules, 2022.
(2) They shall come into force from the date of their publication in the Official Gazette.
2.
In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), after rule 2DC, the
following rule shall be inserted, namely: —
‗2DCA. Computation of minimum investment and exempt income for the purposes of clause (23FE)
of section 10 of the Act.— (1) For the purposes of clause (23FE) of section 10 of the Act, the percentages
referred to in item (c), item (d) and item (e) of sub-clause (iii) , and the exempt income referred to in the
fourth, fifth and sixth proviso shall be calculated in accordance with this rule.
(2) The percentage referred to in item (c) of sub-clause (iii) of clause (23FE) of section 10 of the Act shall
be calculated in the following manner, namely:-
(A+C+D) * 100
B
Where,-
A = Aggregate of eligible investments, appearing in the balance sheet of the Alternative Investment
Fund as on the last date of all the financial years starting from the financial year 2021-22 and ending
on the financial year immediately preceding the relevant previous year, made in one or more of the
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company or enterprise or entity referred to in item (b) of sub-clause (iii) of clause (23FE) of section 10
of the Act or in an Infrastructure Investment Trust referred to in sub-clause (i) of clause (13A) of
section 2 of the Act;
B= Aggregate of eligible investments appearing in the balance sheet of the Alternative Investment
Fund as on the last date of all the financial years starting from the financial year 2021-22 and ending
on the financial year immediately preceding the relevant previous year;
C = Aggregate of eligible investments, appearing in the balance sheet of the Alternative Investment
Fund as on the last date of all the financial years starting from the financial year 2021-22 and ending
on the financial year immediately preceding the relevant previous year, made in one or more domestic
companies referred to in item (d) of sub-clause (iii) of clause (23FE) of section 10 of the Act,
multiplied by the percentage for those domestic company or companies determined in accordance with
sub-rule (3); and
D = Aggregate of eligible investments appearing in the balance sheet of the Alternative Investment
Fund as on the last date of all the financial years starting from the financial year 2021-22 and ending
on the financial year immediately preceding the relevant previous year, made in one or more non-
banking financial companies referred to in item (e) of sub-clause (iii) of clause (23FE) of section 10 of
the Act, multiplied by the percentage for those non-banking financial company or companies
determined in accordance with sub-rule (4):
Provided that in the case of financial year 2021-22 being the relevant previous year, the amounts
A, B, C and D shall be calculated using the aggregate of eligible investments, appearing in the balance
sheet of the financial year 2021-22 as on the 31st day of March 2022:
Provided further that in a case where the relevant previous year is the year in which the first
investment is made by the Alternative Investment Fund, the above amounts shall be calculated using
the aggregate of eligible investments, appearing in its balance sheet of the relevant previous year as on
the last date of that year:
Provided also that the amount A, C and D shall also include eligible investments which may not be
includible in these amounts as on the date of calculation but would have been included if the
calculation was carried out anytime within three months after the date of receipt of such eligible
investments by the Alternative Investment Fund:
Provided also that for the financial year 2025-26 being the relevant previous year and for
subsequent relevant previous years, the percentage referred to in item (c) of sub-clause (iii) of clause
(23FE) of section 10 of the Act shall be deemed to have been satisfied if the same is satisfied for the
financial year 2024-25 being the relevant previous year.
(3) The percentage referred to in item (d) of sub-clause (iii) of clause (23FE) of section 10 of the Act shall
be calculated in the following manner, namely:-
E * 100
F
Where,-
E = Aggregate of eligible investments, appearing in the balance sheet of the domestic company as on
the last date of all the financial years starting from the financial year 2021-22 and ending on the
financial year immediately preceding the relevant previous year, made in one or more of the company
or enterprise or entity referred to in item (b) of sub-clause (iii) of clause (23FE) of section 10 of the
Act; and
F= Aggregate of eligible investments appearing in the balance sheet of the domestic company as on the
last date of all the financial years starting from the financial year 2021-22 and ending on the financial
year immediately preceding the relevant previous year:
Provided that in the case of financial year 2021-22 being the relevant previous year, the above
amounts shall be calculated using the aggregate of eligible investments, appearing in the balance sheet
of the financial year 2021-22 as on 31st March 2022:
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Provided further that in a case where the relevant previous year is the year in which the first
investment is made by the domestic company, the above amounts shall be calculated using the
aggregate of eligible investments, appearing in its balance sheet of the relevant previous year as on the
last date of that year:
Provided also that the amount E shall also include eligible investments which may not be
includible in these amounts as on the date of calculation but would have been included if the
calculation was carried out anytime within three months after the date of receipt of such eligible
investments by the domestic company:
Provided also that for the financial year 2025-26 being the relevant previous year and for
subsequent relevant previous years, the percentage referred to in item (d) of sub-clause (iii) of clause
(23FE) of section 10 of the Act shall be deemed to have been satisfied if the same is satisfied for the
financial year 2024-25 being the relevant previous year.
(4) The percentage referred to in item (e) of sub-clause (iii) of clause (23FE) of section 10 of the Act shall
be calculated in the following manner, namely:-
G * 100
H
Where,-
G = Aggregate of eligible lending, appearing in the balance sheet of the non-banking financial
company as on the last date of all the financial years starting from the financial year 2021-22 and
ending with the financial year immediately preceding the relevant previous year, made to one or more
of the company or enterprise or entity referred to in item (b) of sub-clause (iii) of clause (23FE) of
section 10 of the Act; and
H= Aggregate of eligible lending appearing in the balance sheet of the non-banking financial company
as on the last date of all the financial years starting from the financial year 2021-22 and ending on the
financial year immediately preceding the relevant previous year:
Provided that in the case of financial year 2021-22 being the relevant previous year, the above
amounts shall be calculated using the aggregate of eligible lending appearing in the balance sheet of
the financial year 2021-22 as on 31st March 2022:
Provided further that in a case where the relevant previous year is the year in which the first debt or
loan is extended by the non-banking financial company, the above amounts shall be calculated using
the aggregate of eligible lending appearing in its balance sheet of the relevant previous year as on the
last date of that year:
Provided also that for the financial year 2025-26 being the relevant previous year and for
subsequent relevant previous years, the percentage referred to in item (e) of sub-clause (iii) of clause
(23FE) of section 10 of the Act shall be deemed to have been satisfied if the same is satisfied for the
financial year 2024-25 being the relevant previous year.
(5) For the purposes of the fourth proviso to sub-clause (iii) of clause (23FE) of section 10 of the Act, the
income accrued or arisen or attributed to, or received by, the specified person, who is a unit holder of
an Alternative Investment Fund, out of investment made in that fund, shall be chargeable to income-tax
in the same manner as if it were the income accrued or arisen or attributed to, or received by, such
person had the investment made by such investment fund been made directly by him and the
calculation of exempt income of the specified person arising from the investment in such fund during
the relevant previous year shall be made in the following manner, namely:-
I+J+K+L
where.-
I = Income accrued or arisen or attributed or received during the relevant previous year from the
eligible investments made by the Alternative Investment Fund in companies or enterprises or entities
referred to in item (b) of sub-clause (iii) of clause (23FE) of section 10 of the Act, out of any
investment made by the specified person on or after the date of notification of the specified person
under the said clause, computed in accordance with the provisions of the Act;
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J = Income accrued or arisen or attributed or received during the relevant previous year, computed in
accordance with the provisions of the Act, from the investments made by the Alternative Investment
Fund in one or more domestic companies, referred to in item (d) of sub-clause (iii) of clause (23FE) of
section 10 of the Act, out of any investment made by the specified person multiplied by N and divided
by O, where N and O shall have the value assigned to them in sub-rule (6) for each of such domestic
company;
K = Income accrued or arisen or attributed or received during the relevant previous year, computed in
accordance with the provisions of the Act, from the investments made by the Alternative Investment
Fund in one or more non-banking financial companies, referred to in item (e) of sub-clause (iii) of
clause (23FE) of section 10 of the Act, out of any investment made by the specified person multiplied
by Q and divided by R, where Q and R shall have the value assigned to them in sub-rule (7) for each
such non-banking financial company; and
L = Income accrued or arisen or attributed or received during the relevant previous year from the
eligible investments made by the Alternative Investment Fund in Infrastructure Investment Trusts
referred to in sub-clause (i) of clause (13A) of section 2 of the Act, out of any investment made by the
specified person on or after the date of notification of the specified person under the said clause,
computed in accordance with the provisions of the Act.
(6) For the purposes of fifth proviso to sub-clause (iii) of clause (23FE) of section 10 of the Act, the
exempt income during the relevant previous year shall be calculated in the following manner, namely:-
M * N
O
Where,-
M = income accrued or arisen or attributed or received during the relevant previous year from the
investment made by the specified person in one or more domestic companies referred to in item (d) of
sub-clause (iii) of clause (23FE) of section 10 of the Act, computed in accordance with the provisions
of the Act;
N = Aggregate of eligible investments, appearing in the balance sheet of the domestic company as on
the last date of the previous year immediately preceding the relevant previous year (last date of the
relevant previous year if eligible investment has been made during the relevant previous year for the
first time), made by domestic company in one or more of the company or enterprise or entity referred
to in item (b) of sub-clause (iii) of clause (23FE) of section 10 of the Act, out of investment made by
the specified person on or after the date of notification of the specified person under the said clause;
and
O = Aggregate of investments, appearing in the balance sheet of the domestic company as on the last
date of the previous year immediately preceding the relevant previous year (last date of the relevant
previous year if eligible investment has been made during the relevant previous year for the first time),
out of any investment made by the specified person.
(7) For the purposes of sixth proviso to sub-clause (iii) of clause (23FE) of section 10 of the Act, the
exempt income during the relevant previous year shall be calculated in the following manner, namely:-
P * Q
R
Where,-
P = income accrued or arisen or attributed or received during the relevant previous year from the
investment made by the specified person in one or more non-banking financial companies referred to
in item (e) of sub-clause (iii) of clause (23FE) of section 10 of the Act, computed in accordance with
the provisions of the Act;
Q = Aggregate of eligible lending appearing in the balance sheet of the non-banking financial company
as on the last date of the previous year immediately preceding the relevant previous year (last date of
the relevant previous year if eligible lending has been made during the relevant previous year for the
first time) made by non-banking financial company to one or more of the company or enterprise or
entity referred to in item (b) of sub-clause (iii) of clause (23FE) of section 10 of the Act, out of any
investment made by the specified person on or after the date of notification of the specified person
under the said clause; and
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R = Aggregate of lending appearing in the balance sheet of the non-banking financial company as on
the last date of the previous year immediately preceding the relevant previous year (last date of the
relevant previous year if eligible lending has been made during the relevant previous year for the first
time) out of any investment made by the specified person.
(8) Every Alternative Investment Fund, domestic company and non-banking finance company, which has
received funds from any specified person, either directly or through Alternative Investment Fund, shall
furnish the details of funds received from specified persons in Form 10BBD for each previous year during
which such funds or any part thereof remains invested in such Alternative Investment Fund, domestic
company and non-banking finance company.
(9) Form No 10BBD shall be furnished electronically either under digital signature or through electronic
verification code and shall be verified by the person who is authorized to verify the return of income of
such Alternative Investment Fund, domestic company and non-banking finance company under section 140
of the Act.
(10) Form No. 10BBD shall be furnished on or before the due date referred to in the Explanation 2 to sub-
section (1) of section 139 of the Act for the assessment year relevant to the previous year in which the
eligible investments have been first received from the specified person and all subsequent previous years
till the eligible investment received from the specified person is returned.
(11) The Principal Director General of Income-tax (Systems) or the Director General of Income-tax
(Systems), as the case may be, shall -
(i) specify the procedure, formats and standards for ensuring secure capture and transmission of the
data in Form No. 10BBD; and
(ii) specify the procedure, format, data structure, standards and manner of generation of electronic
verification code, referred to in sub-rule (9), for verification of the person furnishing the said Form;
and
(ii) be responsible for evolving and implementing appropriate security, archival and retrieval policies
in relation to the Form No 10BBD so furnished.
Explanation 1: For the purposes of this rule, the expressions -
(a) ―Alternative Investment Fund‖ means Category –I or Category –II Alternative Investment Fund
referred to in item (c) of sub-clause (iii) of clause (23FE) of section 10 of the Act;
(b) ―Balance Sheet‖ means the balance-sheet (including the notes annexed thereto and forming part of
the accounts) drawn up as on 31st day of March of the relevant financial year which gives a true and
fair view of the state of affairs , complies with applicable accounting standards and has been audited by
the auditor of the relevant Alternative Investment Fund or respective companies, in accordance with
the provisions of regulation sub-regulation (5) of regulation 20 of Securities and Exchange Board of
India (Alternate Investment Fund) Regulations, 2012 or section 139 of the Companies Act 2013, as the
case may be;
(c) ―domestic company‖ means a company referred to in item (d) of sub clause (iii) of clause (23FE) of
section 10 of the Act;
(d) ―eligible investment‖ means an investment which has been made by an Alternative Investment
Fund or domestic company, as the case may be, on or after the 1st day of April, 2020 but on or before
the 31st day of March, 2024;
(e) ―eligible lending‖ means lending made by a non-banking financial company on or after the 1st day
of April, 2020 but on or before the 31st day of March, 2024;
(f) ―investment‖ shall mean movable and immovable assets including current and non-current
investments, loans and advances and cash and cash equivalents;
(g) ―non-banking financial company‖ means a company referred to in item (e) of sub clause (iii) of
clause (23FE) of section 10 of the Act;
(h) ―relevant previous year‖ means the previous year for which the income exempt under clause
(23FE) of section 10 of the Act is to be calculated:
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Provided that for the purposes of fourth proviso of sub-rule (2), fourth proviso of sub-rule (3) and
third proviso of sub-rule (4), the previous year 2024-25 shall be considered to be relevant previous
year even if exempt income under clause (23FE) of section 10 of the Act is not required to be
calculated for that year; and
(i) ―specified person‖ means a person referred to in Explanation 1 to clause (23FE) of section 10 of the
Act.‘.
3. In the principal rules, in APPENDIX II, −
(i) For Form No. 10BBB, the following Form shall be substitued, namely :-
―Form No. 10BBB*
[See rule 2DB]
[e-Form]
Intimation by Pension Fund of investment under clause (23FE) of section 10 of the Income-tax Act, 1961
(within one month from the end of the quarter ending on 30th June, 30th September, 31st December and 31st
March of the financial year)
Part A General Information
S.no
1.
Quarter Ending
June 30th /September 30th / December 31st / March 31st
2.
Financial Year
y
y
y
y
-
y
y
y y
3.
Name of Pension Fund
4.
PAN
5.
Details of Notification vide
which notified under clause
(23FE) of section 10 of the
Income-tax Act, 1961
Notification No
Date of Notification
Part B Particulars of Investment
Sl No
Date of
investment
Amount of
investment
(in Rs)
Nature of
investment
(Note 3)
$
Nature of
income
(Note 4)
#
Details of the entity in which
Investment made
Nature of
entity (Note
5)
^
Name
PAN
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
1.
2.
Total
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[PART II—SEC. 3(i)]
Verification*
I, __________________________, son/ daughter/ wife** of Shri ______________________,
solemnly declare that to the best of my knowledge and belief, the information given above is correct and
complete and particulars shown therein are truly stated.
2.
I further declare that to the best of my knowledge; I have not concealed any relevant fact or
information.
3.
I also declare that I am making this application in my capacity as __________ (designation) and
that I am holding PAN/ Aadhaar** _____ and I am competent to make this application and verify it.
Verified today the ___________ day of ______________
Place __________
(Signature) ________________
Name ________________
Notes:
1. *To be signed by the person competent to verify the return of income under section 140 of the Income-
tax Act, 1961.
2. **Delete whichever is not applicable.
3.
$One of the following codes is to be selected:
Nature of
Investment
Code
Debt
1
Equity
2
Preference Shares
3
Others (Please
specify)
4
4.
#One of the following codes is to be selected
Nature of Income
Code
Interest
1
Dividend
2
Capital Gains
3
Others
4
5.
^One of the following codes is to be selected:
Nature of entity in which investment is made
Code
Business Trust referred to in item (a) of sub-clause (iii) of
clause (23FE) of section 10 of the Act
1
Company or enterprise or entity referred to in item (b) of sub-
clause (iii) of clause (23FE) of section 10 of
the Act
2
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Alternative Investment Fund referred to in item (c) of sub-
clause (iii) of clause (23FE) of section 10 of the
Act
3
Domestic company referred to in item (d) of sub-clause (iii) of
clause (23FE) of section 10 of the Act
4
Infrastructure Finance Company-NBFC/Infrastructure Debt
Fund-NBFC referred to in item (e) of sub-clause (iii)
of clause (23FE) of section 10 of the Act
5
‖;
(ii) For Form No. 10BBC, the following Form shall be substituted,namely:
―Form No 10BBC
[See rule 2DB]
Certificate of accountant in respect of compliance to the provisions of clause (23FE) of section 10 of the
Income-tax Act, 1961 by the notified Pension Fund
Part- I
I/ We* hereby confirm that I/ we* have examined the relevant accounts, documents and records of
_____________________________________(name of the Pension Fund) having PAN
_______________________ and which has been notified under clause (23FE) of section 10 vide
Notification no ___________dated________(DDMMYYYY), for the period from
_________(DDMMYYYY) to ____________(DDMMYYYY) and after examination, the particulars
provided in Part II are hereby certified.
Part II
1. Name of the Assessee
:
2. PAN/ AADHAAR
:
3. Previous Year
:
4. Total Income of the Assessee during the previous year
5. Total amount of income eligible for exemption under
clause (23FE) of section 10 of the Income-tax Act, 1961
(as per details in column 11 of table at item no.6):
6. (a) the opening balance (i.e. the closing balance as on the
last date of the preceding financial year) of the investment
made which is eligible for exemption under clause (23FE)
of section 10:
(b) details of the investment by the Pension Fund during
the previous year:
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[PART II—SEC. 3(i)]
Sl
No
Date of
investment
Amount of
investment
(In Rs)
Nature of
investment
(Note 3)
$
Nature of
income
(note 4)
#
Amount of
income on
investment
during the
year
(In Rs)
Details of the entity in which Investment
made
Amount of
income
which is
eligible for
exemption
under
clause
(23FE) of
section 10
(Attach
calculation
sheet as
per
relevant
rules)
Nature
of entity
(note 5)
^
Name
PAN
If nature of
entity code
is 3/4/5,
whether
the entity
has made
minimum
investment
of 50 or75
or 90
percent as
required in
item (c) or
(d) or (e) of
sub-clause
(iii) of
clause
(23FE) of
section 10
(Attach
calculation
sheet as
per
relevant
rules)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
1.
2.
Total
7. * (a) whether the pension fund has sold any of the investments made for the purposes of exemption
under clause (23FE) of section 10 of the Income-tax Act, 1961 before the expiry of three years
from the date on which the investment was made in respect of the said exemption (Yes/NO).
(b) If answer to (a) is yes then the details of which are as under:
Sl.
No.
Date of
investment
Nature
of investment
(Note 3)
$
Nature
of
income
(note 4)
#
Amount of
income on
investment
during the
year
Details of the entity in which
Investment was made
Date
of
sale
Nature of entity
(note 5)
Name PAN
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
1.
2.
Total
8. the Pension Fund satisfies all the conditions required for the purposes of exemption under clause
(23FE) of section 10 of the Income-tax Act, 1961, that is, -
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a)
Name of the law under which the Pension Fund is created or established
b)
Details of the funds or plans for which the PF is responsible for administering or
investing the assets for:
Name of
the fund/
plan
Purpose for
which
plan/fund is
established
(Note 6
$$
Nature of the
fund/plan
(Note7)
##
Percentage of value of assets
received from each plan/fund to
total value of assets
administered orinvested by the
PF
c)
If some of the funds/plans administered or invested by the PF are in the nature of SWF,
then whether they fulfill the following conditions:
(i)
assets of these funds/plans are wholly owned directly or indirectly by
the Government of a foreign country; and
(ii)
such assets vests in the Government of such foreign country upon
dissolution.
Yes/No
d)
whether portion of the earnings or assets of the Pension Fund inures any benefit to
any private person (other than for meeting statutory obligations and defined
contributions for participants or beneficiaries of funds or plans referred to in clause
(ii) of the rule 2DB; or for any payment made to creditors or depositors for loan or
borrowing [as defined in sub-clause (b) of clause (ii) of Explanation 2 to clause
(23FE) of section 10 of the Act] taken for the purposes other than for making
investment in India);
Yes/No
e)
If answer to (d) is Yes, then provide the following details:
i.
Name of such private person
ii. Amount of benefit provided during the year
f)
Whether it participates in the day to day operations of any of the investee, as defined
in Explanation 2 to clause (23FE) of section 10, barring any monitoring mechanism
to protect the investment with the investee including the right to appoint directors or
executive director
Yes/No
g)
If answer to (f) is yes, then provide the following details:
i.
Name of such investee
ii. PAN of the investee
iii. Amount of investment in such investee at the end of the year
h)
Whether it has loans or borrowings, as defined in Explanation 2 to clause (23FE) of
section 10, directly or indirectly, for the purposes of making investment in India
Yes/No
i)
If answer to (h) is yes, then provide the following details:
i.
Name of the person from whom such loan or borrowing has been taken
ii. Amount of loan or borrowing at the beginning of the year
iii. Amount of loan or borrowing received during the year
iv. Amount of loan or borrowing repaid during the year
v. Amount of loan or borrowing at the end of the year
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[PART II—SEC. 3(i)]
j)
Whether separate segmented account is maintained for income and investment in
respect of investment which qualifies for exemption under clause (23FE) of section 10
of the Act
Yes/No
k)
Whether it is liable to tax in such foreign country;
Yes/No
l)
In answer to (k) is yes, then whether exemption from taxation for all its income has
been provided by such foreign country;
Yes/No
m)
Quarter for which the intimation in Form No. 10BBB has been filed during the
previous year.
See note
8***
Verification†
It has been ensured that the information furnished is true and correct in all respects and no
relevant information has been concealed or withheld.
2.
Neither I, nor any of my partners, is a director, partner or an employee of the above-mentioned
entities or its associated concerns.
3.
I/ we* fully understand that any statement made in this certificate, if proved incorrect or false, will
render me/us* liable for any penal or other consequences as may be prescribed in law or is otherwise
warranted.
Verified today the ___________ day of ______________
Place __________
(Signature and Stamp/ Seal of the Signatory)
†Accountant____________________
Name of the Signatory___________________
Membership No.__________________
Notes:
1. *Delete whichever is not applicable.
2. †This certificate is to be given by an accountant as defined in the Explanation below sub-section (2)
of section 288 of the Act.
3.
$One of the following codes is to be selected:
Nature of Investment
Code
Debt
1
Equity
2
Preference Shares
3
Others (Please
specify)
4
4.
#One of the following codes is to be selected:
Nature of Income
Code
Interest
1
Dividend
2
Capital Gains
3
Others
4
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5.
^One of the following codes is to be selected:
Nature of entity in which investment is made
Code
Business Trust referred to in item (a) of sub-clause (iii) of clause (23FE) of section 10 of the
Act
1
Company or enterprise or entity referred to in item (b) of sub-clause (iii) of clause (23FE) of
section 10 of
the Act
2
Alternative Investment Fund referred to in item (c) of sub-clause (iii) of clause (23FE) of
section 10 of the
Act
3
Domestic company referred to in item (d) of sub-clause (iii) of clause (23FE) of section 10 of
the Act
4
Infrastructure Finance Company/Infrastructure Debt Fund-NBFC referred to in item (e) of
sub-clause (iii)
of clause (23FE) of section 10 of the Act
5
6.
$$One or more of the following codes is to be selected:
Purpose of the plan/fund
Code
Retirement
1
Social Security
2
Employment
3
Disability
4
Death benefits
5
Similar compensation (please specify)
6
7.
##One of the following codes is to be selected:
Nature of the plan/fund
Code
Pension Fund
1
Sovereign Wealth Fund
2
Others
3
8.
***One or more of the following codes is to be selected:
Intimation in form 10BBB
Code
Quarter ending 30th June of the
previous year
1
Quarter ending 30th September of the
previous year
2
Quarter ending 30th December of the
previous year
3
Quarter ending 30th March of the
previous year
4
.‖;
30
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
(iii) After Form No. 10BBC, the following Form shall be inserted, namely :-
“Form 10BBD
[See rule 2DCA]
[e-form]
Statement of eligible investment received
1. Name of the Assessee
:
2. PAN/ AADHAAR
:
3. Previous Year
:
Part A (details of eligible investments received, on or after the date of notification of the specified
person, from (i) specified person or (ii) Alternative Investment Fund out of the investment of
specified person)
Sl.
No.
Name of
specified
person/
Alternative
Investment
Fund
PAN of
specified
person/
Alternative
Investment
Fund
Opening balance
of such eligible
investments
received from
specified person/
Alternative
Investment Fund
(In Rs)
Such eligible
investments
received during
the year from the
specified person/
Alternative
Investment Fund
(In Rs)
Such
eligible
investments
returned
during the
year to the
specified
person/
Alternative
Investment
Fund
(In Rs)
Closing
balance of
such
eligible
investments
received
from the
specified
person/
Alternative
Investment
Fund
(In Rs)
(1)
(2)
(3)
(4)
(5)
(6)
(7)
1.
2.
Total
Part B
(Details of all the investments made out of the eligible investments listed in Part A
(to be filed separately for each specified person or Alternative Investment fund)
I.
Name of the specified person/ Alternative Investment fund
II.
Sl no in Part A
[भागII—खण् ड 3(i)]
भारत का राजप् : असाधारण
31
Date of
investm
ent
Nature
of
investme
nt (Note
C)
$
Details of the entity in
which Investment is
made
Opening
balance of
the
investmen
t
(In Rs)
Amoun
t of
investm
ent
made
during
the year
(In Rs)
Amou
nt of
invest
ment
sold/li
quidate
d
during
the
year
(In Rs)
Date of
investment
or date of
sale/liquida
tion, as the
case may
be
Closing
balance
of the
invest
ment
(In Rs)
Nature of
income
(note D)
*
Amount
of
income
on
investm
ent
during
the year
(In Rs)
Out of
the
income
in
column
12,
nature
of
income
to the
specifie
d
person/
Alternat
ive
Investm
ent
Fund
(note D)
(In Rs)
*
Amount
of
income
to the
specifie
d
person/
Alternat
ive
Investm
ent
Fund
(In Rs)
Natur
e of
entity
(note
E)
**
Name
of the
entity
PAN
of the
entity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
Part C [details of investments received from (i) specified person or (ii) Alternative Investment Fund
listed in Part A, but the investment not covered in Part A
Sl.
No.
Name of
specified
person/
Alternative
Investment
Fund, listed at
Part A
PAN of
specified
person/
Alternative
Investment
Fund
Opening balance
of the investments
received from
specified person/
Alternative
Investment Fund
not covered in
Part A
Investments
received during
the year from the
specified person/
Alternative
Investment Fund
not covered in
Part A
Such
investments
returned
during the
year to the
specified
person/
Alternative
Investment
Fund
Closing
balance of
Such
investments
received
from the
specified
person/
Alternative
Investment
Fund
(1)
(2)
(3)
(4)
(5)
(6)
(7)
1.
2.
Total
32
THE GAZETTE OF INDIA : EXTRAORDINARY
[PART II—SEC. 3(i)]
Part D
(Details of all the investment made out of investment listed in Part C
I.
Name of the specified person/ Alternative Investment fund
II.
Sl no in Part C
Date
of
invest
ment
Nature
of
invest
ment
(Note
C)
$
Details of the entity
in which Investment
is made
Opening
balance
of the
invest-
ment
Amoun
t of
invest
ment
made
during
the
year
Amou
nt of
invest
ment
sold/li
quidat
ed
during
the
year
Date of
investment
or date of
sale/liquid
ation, as
the case
may be
Closing
balance
of the
investm
ent
Nature
of
income
(note D)
*
Amount
of
income
on
investm
ent
during
the year
Out of
the
income
in
column
12,
nature
of
income
to the
specifie
d
person/
Alternat
ive
Investm
ent
Fund
(note
D)
*
Amount
of
income
to the
specifie
d
person/
Alternat
ive
Investm
ent
Fund
(Rs)
Nature
of
entity
(note
E)
**
Name
of the
entity
PAN
of the
entity
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
(14)
Declaration
I, __________________________________________________________________ (Name in full and in
block letters) son/daughter/wife……………..on behalf of the …………………..(Name of Alternative
Investment Fund, domestic company and non-banking finance company)
__________________________________________ do hereby declare that to the best of my knowledge
and belief what is stated in the form above is correct and complete;
I further declare that I am furnishing such statement in my capacity as_____________________________
(designation) and that I am competent to make this declaration and furnish this statement.
Place:
Date:
Yours faithfully,
Signature …………….……………….
Name…………………………………
Designation………....…………………
[भागII—खण् ड 3(i)]
भारत का राजप् : असाधारण
33
Notes
(A) The total of the column no 10 in table in Part B should tally with the total of column no 7 in table in
Part A except for the amount which has not been invested so far.
(B) The total of the column no 10 in table in Part D should tally with the total of column no 7 in table in
Part C except for the amount which has not been invested so far.
(C) $ One of the following codes is to be selected:
Nature of Investment
Code
Debt
1
Equity
2
Preference Shares
3
Others (Please specify)
4
(D) *One of the following codes is to be selected:
Nature of Income
Code
Interest
1
Dividend
2
Capital Gains
3
Others
4
(E) **One of the following codes is to be selected:
Nature of entity in which investment is made
Code
Business Trust referred to in item (a) of sub-clause (iii) of clause (23FE) of section 10
1
Company or enterprise or entity referred to in item (b) of sub-clause (iii) of clause (23FE) of
section 10 of the Act
2
Alternative Investment Fund referred to in item (c) of sub-clause (iii) of clause (23FE) of section
10 of the Act
3
Domestic company referred to in item (d) of sub-clause (iii) of clause (23FE) of section 10 of the
Act
4
Infrastructure Finance Company/Infrastructure Debt Fund-NBFC referred to in item (e) of sub-
clause (iii) of clause (23FE) of section 10 of the Act
5
Not invested so far
6
Others (Please specify)
7‖.
[Notification No. 50/2022/F. No. 370142/2/2022-TPL]
NEHA SAHAY, Under Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section-3, Sub
section (ii), vide notification number S.O. 969 (E) dated the 26th March, 1962 and were last
amended vide notification number G.S.R. 339(E) dated 5th May, 2022.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.
