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 compliance requires exit of resident unit holders and reporting in Form No. 10-IG for exemption eligibility. A specified fund must ensure that a unit holder, other than the sponsor or manager, who becomes resident in India after the year of issue ceases to hold the units within three months from the end of that year. The fund must maintain prescribed unit-holder records, including identity details, tax identification number, PAN if available, holdings, sponsor or manager status, the year of residence, and exit date. It must certify compliance and report resident-held units in Form No. 10-IG.
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 compliance requires exit of resident unit holders and reporting in Form No. 10-IG for exemption eligibility.
A specified fund must ensure that a unit holder, other than the sponsor or manager, who becomes resident in India after the year of issue ceases to hold the units within three months from the end of that year. The fund must maintain prescribed unit-holder records, including identity details, tax identification number, PAN if available, holdings, sponsor or manager status, the year of residence, and exit date. It must certify compliance and report resident-held units in Form No. 10-IG.
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