Income Tax department notifies exemption for four Canadian Funds
May 05, 2021
The funds will be continued to be regulated under the Canadian law - Ruskpp×
India is looking for long-term investment, especially in the infra sector
The Income Tax Department has notified exemptions to four pension and long-term funds from Canada for investment in India. It will be applicable on investment made on or before March 31, 2024.
IT Act
These funds include Caisse de dépôt et placement du Québec, CDPQ Fixed Income XI Inc, e Ivanhoe Logistics India Inc and e CDPQ Infrastructures Asia III Inc. India is looking for long term investment especially in the infrastructure sector. Officials feel detailed and timely notification about exemptions will help the funds to take prompt decision about investment in India.