TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2019 Amends Section 9A: New Corpus and Fund Manager Remuneration Rules for Investment Funds Apply Retroactively</h1> The amendment to section 9A of the Income-tax Act in the Finance (No. 2) Bill, 2019, modifies sub-section (3) concerning conditions for eligible investment funds. Clause (j) is revised to require funds established or incorporated in the previous year to maintain a corpus of at least one hundred crore rupees within six months from the last day of the month of establishment or by the end of the previous year, whichever is later. Clause (m) is amended to change the remuneration requirement for fund managers from being the arm's length price to an amount calculated as prescribed. These changes apply retrospectively from April 1, 2019, affecting the assessment year 2019-2020 onwards.
TaxTMI 
TaxTMI 
