Corpus threshold for eligible investment funds: exemption for funds wound up in previous year, applied retrospectively. A proviso is inserted to clause (j) of sub section (3) of section 9A providing that the corpus threshold requirement for eligible investment funds shall ... Summary
Corpus threshold for eligible investment funds: exemption for funds wound up in previous year, applied retrospectively.
A proviso is inserted to clause (j) of sub section (3) of section 9A providing that the corpus threshold requirement for eligible investment funds shall not apply to a fund which has been wound up in the previous year; this insertion is effective retrospectively from 1 April 2016 and applies to the relevant assessment years.
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