Return filing requirement: mutual funds, securitisation trusts, venture capital entities and business trusts must file returns when income exceeds exemption. Amendment requires Mutual Funds, securitisation trusts, and venture capital companies/funds to file returns in prescribed form where total income before ... Summary
Return filing requirement: mutual funds, securitisation trusts, venture capital entities and business trusts must file returns when income exceeds exemption.
Amendment requires Mutual Funds, securitisation trusts, and venture capital companies/funds to file returns in prescribed form where total income before exemptions exceeds the non taxable limit, and introduces a new mandate for business trusts not otherwise required to file to furnish annual returns, with all applicable Act provisions applying to those returns.
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