Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Exempt income computation for specified funds under the non-resident unit holder framework follows a prescribed apportionment formula. Rule 21AI prescribes the computation of exempt income attributable to units held by non-resident unit holders in a specified fund for the purposes of clause (4D) of section 10. The computation is made by a formula that apportions income from specified transfers, securities issued by non-residents, and income from securitisation trusts by reference to the relevant assets under management ratios of the specified fund.
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.
Exempt income computation for specified funds under the non-resident unit holder framework follows a prescribed apportionment formula.
Rule 21AI prescribes the computation of exempt income attributable to units held by non-resident unit holders in a specified fund for the purposes of clause (4D) of section 10. The computation is made by a formula that apportions income from specified transfers, securities issued by non-residents, and income from securitisation trusts by reference to the relevant assets under management ratios of the specified fund.
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