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 exempt income computation depends on Form No. 10-II filing, asset allocation, and prescribed certification requirements. Computation of exempt income for a specified fund under clause (23FF) of section 10 is based on capital gains attributable to units held by non-resident unit holders, other than a permanent establishment in India. Where Form No. 10-II is filed, the exempt income is calculated by a prescribed formula using the relevant capital gains and the proportion of daily assets under management held by non-resident unit holders. If no Form No. 10-II is filed, the exempt income is NIL. The rule also requires electronic filing of Form No. 10-II, certification in Form No. 10-IJ, and defines key terms for the computation mechanism.
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 exempt income computation depends on Form No. 10-II filing, asset allocation, and prescribed certification requirements.
Computation of exempt income for a specified fund under clause (23FF) of section 10 is based on capital gains attributable to units held by non-resident unit holders, other than a permanent establishment in India. Where Form No. 10-II is filed, the exempt income is calculated by a prescribed formula using the relevant capital gains and the proportion of daily assets under management held by non-resident unit holders. If no Form No. 10-II is filed, the exempt income is NIL. The rule also requires electronic filing of Form No. 10-II, certification in Form No. 10-IJ, and defines key terms for the computation mechanism.
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