Central Board of Direct Taxes (CBDT) has vide its circular no 15/2020 dated 15th July, 2020 notified the form for a sovereign wealth fund (SWF), pension fund, and wholly owned subsidiaries of Abu Dhabi Investment Fund to apply in form I for notification that its income in the nature of dividend, interest and capital gains arising from its investments in India, (in specified infrastructure business and infrastructure sub-sectors) will be exempt from income tax.
They have to file the form I to the Member (Legislation), CBDT, during this financial year 2020-21 and thereafter they can file to the Member, CBDT, having jurisdiction and control over the Foreign Tax and Tax Research Section.
The SWF shall also be required to file its income tax return with audit report and file a quarterly statement of investments made by it, in Form II.
Copy of the circular can be found at the CBDT site i.e. https://www.incometaxindia.gov.in/Pages/communications/circulars.aspx