https://www.taxtmi.com/article/detailed?id=8598 The Finance Bill amends section 9A to relax two eligibility conditions for offshore funds: clause (j) revises the timing for meeting the corpus threshold for newly established funds to allow satisfaction within six months of establishment or at the end of the previous year, whichever is later; clause (m) replaces the requirement that fund manager remuneration be not less than the arm's length price with a requirement that it be not less than an amount calculated in a prescribed manner. The amendments are described as facilitative and stated to be retrospective from April 1, 2019. en-us Mon, 08 Jul 2019 15:18:21 +0530 Mon, 08 Jul 2019 15:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8598 The Finance Bill amends section 9A to relax two eligibility conditions for offshore funds: clause (j) revises the timing for meeting the corpus threshold for newly established funds to allow satisfaction within six months of establishment or at the end of the previous year, whichever is later; clause (m) replaces the requirement that fund manager remuneration be not less than the arm's length price with a requirement that it be not less than an amount calculated in a prescribed manner. The amendments are described as facilitative and stated to be retrospective from April 1, 2019. Articles Budget - Tax Proposals Mon, 08 Jul 2019 15:18:21 +0530 https://www.taxtmi.com/article/detailed?id=8598