https://www.taxtmi.com/notifications?id=119702 The amendment clarifies that a fund manager is not a connected person of the fund merely for undertaking fund management activity, and that remuneration which is a fixed charge and not dependent on the fund's income from the manager's activity will be excluded from profits under clause (d) of sub-section (4) of section 9A where clause (m) of sub-section (3) conditions are satisfied and the fixed charge was agreed in writing at the commencement of the activity. en-us Mon, 21 Nov 2016 00:00:00 +0530 Tue, 22 Nov 2016 16:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=119702 The amendment clarifies that a fund manager is not a connected person of the fund merely for undertaking fund management activity, and that remuneration which is a fixed charge and not dependent on the fund's income from the manager's activity will be excluded from profits under clause (d) of sub-section (4) of section 9A where clause (m) of sub-section (3) conditions are satisfied and the fixed charge was agreed in writing at the commencement of the activity. Notifications Income Tax Mon, 21 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=119702