https://www.taxtmi.com/circulars?id=64648 An eligible investment fund must pay an eligible fund manager remuneration not less than a prescribed minimum; a proviso allows seeking Board approval if remuneration is lower. The Board granted transitional relief for prior years permitting arm's-length lower remuneration to be treated as compliance, while requiring future remuneration to adhere to the prescribed sub-rule and any applications for lower remuneration to follow the Board's stated procedure. en-us Fri, 15 Jan 2021 00:00:00 +0530 Fri, 15 Jan 2021 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64648 An eligible investment fund must pay an eligible fund manager remuneration not less than a prescribed minimum; a proviso allows seeking Board approval if remuneration is lower. The Board granted transitional relief for prior years permitting arm's-length lower remuneration to be treated as compliance, while requiring future remuneration to adhere to the prescribed sub-rule and any applications for lower remuneration to follow the Board's stated procedure. Circulars Income Tax Fri, 15 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64648