https://www.taxtmi.com/circulars?id=61506 An AMC approved under the SEBI (Mutual Funds) Regulations, 1996 is to be treated as a Fund Manager for the purposes of Section 9A(4)(b) of the Income-tax Act, as SEBI has confirmed that AMCs engage in fund management of mutual funds and thereby fall within the substance of the term; the SEBI regulations have been included among the "specified regulations" by prior notification to align regulatory approval with the Act's definition. en-us Fri, 10 May 2019 00:00:00 +0530 Fri, 14 Jun 2019 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61506 An AMC approved under the SEBI (Mutual Funds) Regulations, 1996 is to be treated as a Fund Manager for the purposes of Section 9A(4)(b) of the Income-tax Act, as SEBI has confirmed that AMCs engage in fund management of mutual funds and thereby fall within the substance of the term; the SEBI regulations have been included among the "specified regulations" by prior notification to align regulatory approval with the Act's definition. Circulars Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61506