<h1>India Seeks Public Input on Draft Notification for Fund Manager Regime u/s 9A, Income-tax Act 1961.</h1> The Government of India is seeking public and stakeholder input on a draft notification concerning the Fund Manager Regime under Section 9A of the Income-tax Act, 1961. This section addresses the taxation of certain offshore funds managed by fund managers in India, ensuring that such management does not establish a business connection in India. Amendments to the Income-tax Rules, 1962, specifically rules 10V to 10VB, have been made to determine the arm's length price for remuneration paid to fund managers. The Finance Act, 2019, further amended these provisions, necessitating a prescribed calculation method for fund manager remuneration. Public comments are invited by December 19, 2019.