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)
Specified fund income attribution for non-resident unit holders depends on prescribed allocation formulas and annual statement compliance. Determination of income of a specified fund attributable to units held by non-residents is made by prescribed allocation formulas for capital gains and income received in respect of securities, using the ratio of non-resident assets under management to total assets under management. The specified fund must furnish an annual statement in Form No. 10IH electronically under digital signature by the due date, and eligibility for concessional tax rates depends on furnishing that statement in the prescribed manner.
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.
Specified fund income attribution for non-resident unit holders depends on prescribed allocation formulas and annual statement compliance.
Determination of income of a specified fund attributable to units held by non-residents is made by prescribed allocation formulas for capital gains and income received in respect of securities, using the ratio of non-resident assets under management to total assets under management. The specified fund must furnish an annual statement in Form No. 10IH electronically under digital signature by the due date, and eligibility for concessional tax rates depends on furnishing that statement in the prescribed manner.
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