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of <h1>Income-tax Act Section 9A Amended: Fund Manager Contributions Exempt, Compliance Timeline Extended to 12 Months.</h1> Section 9A of the Income-tax Act has been amended by the Finance Act, 2020. In sub-section (3), clause (c) now includes a proviso that contributions by an eligible fund manager up to twenty-five crore rupees during the first three years of a fund's operation will not be considered in the aggregate participation or investment calculation. Additionally, in clause (j), the time frame for compliance has been extended from six months to twelve months from the last day of the month of the fund's establishment or incorporation.
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