https://www.taxtmi.com/news?id=22262 Amendments to the Chit Funds Act, 1982 introduce alternative names (Fraternity Funds and ROSCA) to distinguish registered chit funds from illegal prize chits and substitute "chit amount" with gross chit amount and "prize amount" with net chit amount to remove terminological confusion and support orderly sector growth. en-us Tue, 10 Dec 2019 18:14:10 +0530 Tue, 10 Dec 2019 18:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22262 Amendments to the Chit Funds Act, 1982 introduce alternative names (Fraternity Funds and ROSCA) to distinguish registered chit funds from illegal prize chits and substitute "chit amount" with gross chit amount and "prize amount" with net chit amount to remove terminological confusion and support orderly sector growth. News - Tue, 10 Dec 2019 18:14:10 +0530 https://www.taxtmi.com/news?id=22262