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of <h1>New Guidelines for Investment Funds Under Section 9A: Tax Residency, Due Diligence, and Remuneration Rules Explained</h1> The guidelines for applying section 9A of the Income Tax Rules, 1962, detail the criteria for investment funds to qualify as eligible funds. If an institutional entity invests directly, the fund must assess the entity's compliance with specific conditions, including residency in a country with a tax agreement with India. The fund must conduct due diligence on indirect Indian participation. Exceptions are provided for non-compliance due to uncontrollable circumstances, and specific remuneration guidelines for fund managers are outlined. The rules also define the calculation of remuneration and conditions under which the arm's length principle applies, with provisions for exceptions and application procedures.
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