Framing of rules with respect of Fund Manager Regime under section 9A of the Income-tax Act, 1961-Draft notification for inputs from stakeholders and the general public

Framing of rules with respect of Fund Manager Regime under section 9A of the Income-tax Act, 1961-Draft notification for inputs from stakeholders and the general public https://www.taxtmi.com/news?id=22238 The rules prescribe calculation methods for minimum remuneration payable by an offshore fund to an India based fund manager: 0.1% of assets under management for specified Category I FPIs; otherwise 0.30% of assets under management, or 10% of profits above a specified hurdle where remuneration is performance linked, or 50% of the management fee net of operational and distribution expenses. Funds may seek Board approval for a lower amount. Key terms are defined and the fund manager must furnish an accountant's report in Form No. 3CEJA with prescribed annexure; Form 3CEK is amended accordingly. en-us Thu, 05 Dec 2019 18:45:16 +0530 Wed, 11 Feb 2026 15:58:49 +0530 TaxTMI RSS Generator Framing of rules with respect of Fund Manager Regime under section 9A of the Income-tax Act, 1961-Draft notification for inputs from stakeholders and the general public https://www.taxtmi.com/news?id=22238 The rules prescribe calculation methods for minimum remuneration payable by an offshore fund to an India based fund manager: 0.1% of assets under management for specified Category I FPIs; otherwise 0.30% of assets under management, or 10% of profits above a specified hurdle where remuneration is performance linked, or 50% of the management fee net of operational and distribution expenses. Funds may seek Board approval for a lower amount. Key terms are defined and the fund manager must furnish an accountant's report in Form No. 3CEJA with prescribed annexure; Form 3CEK is amended accordingly. News - Thu, 05 Dec 2019 18:45:16 +0530 https://www.taxtmi.com/news?id=22238