Certificate under clause 23FF: accountant must certify capital gains exempt attributable to non-resident unit-holders.

An accountant must examine the books, documents and the annual statement of a specified fund and certify particulars of capital gains income exempt under clause (23FF) of section 10, to the extent attributable to units held by non-residents (excluding permanent establishments). The certificate requires the accountant's signature, date and place and a declaration that the particulars and total exempt income for the previous year are true and correct. Where multiple schemes exist, the fund must furnish separate annual statements for each scheme, and all amounts must be stated in Indian rupees.

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