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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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