Income-tax (7th Amendment) Rules, 2019 - Setting up an Infrastructure Debt Fund for the purpose of exemption u/s 10(47) - Additional condition of Lock-in-period of 3 years in case of Non-Residents removed. https://www.taxtmi.com/notifications?id=130803 The Income-tax (7th Amendment) Rules, 2019 omit the proviso to Rule 2F(5), removing the additional lock-in condition for non-resident investors in Infrastructure Debt Funds as a condition for claiming the tax exemption under section 10(47), effective from publication in the Official Gazette. en-us Mon, 16 Sep 2019 00:00:00 +0530 Tue, 17 Sep 2019 12:57:00 +0530 TaxTMI RSS Generator Income-tax (7th Amendment) Rules, 2019 - Setting up an Infrastructure Debt Fund for the purpose of exemption u/s 10(47) - Additional condition of Lock-in-period of 3 years in case of Non-Residents removed. https://www.taxtmi.com/notifications?id=130803 The Income-tax (7th Amendment) Rules, 2019 omit the proviso to Rule 2F(5), removing the additional lock-in condition for non-resident investors in Infrastructure Debt Funds as a condition for claiming the tax exemption under section 10(47), effective from publication in the Official Gazette. Notifications Income Tax Mon, 16 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=130803