INCOME TAX NOTIFICATION NO-41
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 30th June, 2020
S.O. 2148(E).—In exercise of the powers conferred by the proviso to sub-section (3) of section 9A
of the Income-tax Act, 1961(43 of 1961), the Central Government hereby notifies that the conditions
specified in clauses (e), (f) and (g) of the said sub-section shall not apply in case of an investment fund set
up by a Category-I foreign portfolio investor registered under the Securities and Exchange Board of India
(Foreign Portfolio Investors) Regulations, 2019, made under the Securities and Exchange Board of India
Act, 1992 (15 of 1992).
- This notification shall be deemed to have come into force from the 23rd day of September, 2019.
[Notification No. 41/2020/F. No. 142/15/2015-TPL- Part (1)]
NEHA SAHAY, Under Secy. (Tax Policy and Legislation Division)
Explanatory Memorandum : It is hereby certified that no person is being adversely affected by giving
retrospective effect to this notification.