Specified fund exempt income reporting requires disclosure of income categories, resident unit holders, and rule 144 compliance. Statement of exempt income for a specified fund under Schedule VI requires disclosure of the fund's identification particulars, registration details, tax year, total income, and the exempt income claimed under specified categories. The form separately captures income arising from transfer of a capital asset, transfer of securities other than shares in an Indian company, income from securities issued by a non-resident where such income does not otherwise accrue or arise in India, and income from a securitisation trust chargeable as business income. It also requires confirmation of rule 144(1) conditions, disclosure of resident unit holders, and verification of the correctness and completeness of the statement.
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Provisions expressly mentioned in the judgment/order text.
Specified fund exempt income reporting requires disclosure of income categories, resident unit holders, and rule 144 compliance.
Statement of exempt income for a specified fund under Schedule VI requires disclosure of the fund's identification particulars, registration details, tax year, total income, and the exempt income claimed under specified categories. The form separately captures income arising from transfer of a capital asset, transfer of securities other than shares in an Indian company, income from securities issued by a non-resident where such income does not otherwise accrue or arise in India, and income from a securitisation trust chargeable as business income. It also requires confirmation of rule 144(1) conditions, disclosure of resident unit holders, and verification of the correctness and completeness of the statement.
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