TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Rules for Offshore Fund Managers: Eligibility, Compliance, and Approval u/s 9A of Income-tax Act.</h1> The Income-tax (5th Amendment) Rules, 2016, introduced by the Central Board of Direct Taxes, outline the guidelines for the offshore fund manager regime under section 9A of the Income-tax Act, 1961. These rules specify conditions for institutional entities investing in funds, due diligence requirements for fund managers, and the criteria for a fund's eligibility under section 9A. They also detail the process for obtaining approval from the Board, the maintenance of records, and the submission of annual statements. The amendment aims to ensure compliance with arm's length pricing and provides mechanisms for approval and withdrawal of fund eligibility status.
TaxTMI 