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of <h1>Rules for computing minimum qualifying investments and exempt income under clause (23FE) of section 10, including formulas and filing</h1> Rule prescribes formulas and procedures to compute minimum qualifying investments and exempt income under clause (23FE) of section 10, specifying percentage calculations for Alternative Investment Funds, domestic companies and non-banking financial companies using aggregates (A-H) of eligible investments or lending across financial years beginning 2021-22, with transitional and deeming provisions for certain years. It sets rules to allocate and compute exempt income of unit-holders using proportional shares (I-L, M-P ratios) where investments are routed through funds, defines 'eligible investment/lending' and balance sheet treatment, and mandates electronic filing of Form 10BBD with verification and system security requirements.
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