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)
Original fund transfer conditions require limited Indian participation when assets move to a Category III Alternative Investment Fund. An original fund transferring a capital asset to a resultant fund that is a Category III Alternative Investment Fund must satisfy the condition that aggregate participation or investment in the original fund by persons resident in India, whether direct or indirect, does not exceed the prescribed corpus threshold at the time of transfer. The expressions 'original fund' and 'resultant fund' bear the meanings assigned in the relevant explanations to section 47 for this purpose.
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.
Original fund transfer conditions require limited Indian participation when assets move to a Category III Alternative Investment Fund.
An original fund transferring a capital asset to a resultant fund that is a Category III Alternative Investment Fund must satisfy the condition that aggregate participation or investment in the original fund by persons resident in India, whether direct or indirect, does not exceed the prescribed corpus threshold at the time of transfer. The expressions "original fund" and "resultant fund" bear the meanings assigned in the relevant explanations to section 47 for this purpose.
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