Which of the following is not a “Specified person” for the purposes of section 10(23FE):
A. a wholly owned subsidiary of the Abu Dhabi Investment Authority which is a resident of the United Arab Emirates and makes investment, directly or indirectly, out of the fund owned by the Government of the United Arab Emirates.
B. a sovereign wealth fund which satisfies certain conditions.
C. a wealth fund created as per the guidelines in India.
D. a pension fund, which is created or established under the law of a foreign country and is not liable to tax in such foreign country provided it satisfies such other conditions as may be prescribed and is specified by the Central Government.
Answer:C
Which of the following is not a “Specified person” for the purposes of section 10(23FE):
A. a wholly owned subsidiary of the Abu Dhabi Investment Authority which is a resident of the United Arab Emirates and makes investment, directly or indirectly, out of the fund owned by the Government of the United Arab Emirates. B. a sovereign wealth fund which satisfies certain conditions. C. a wealth fund created as per the guidelines in India. D. a pension fund, which is created or established under the law of a foreign country and is not liable to tax in such foreign country provided it satisfies such other conditions as may be prescribed and is specified by the Central Government.