https://www.taxtmi.com/acts?id=40383 Computation of exempt income for a specified fund under clause (23FF) of section 10 is based on capital gains attributable to units held by non-resident unit holders, other than a permanent establishment in India. Where Form No. 10-II is filed, the exempt income is calculated by a prescribed formula using the relevant capital gains and the proportion of daily assets under management held by non-resident unit holders. If no Form No. 10-II is filed, the exempt income is NIL. The rule also requires electronic filing of Form No. 10-II, certification in Form No. 10-IJ, and defines key terms for the computation mechanism. en-us Tue, 28 Dec 2021 10:33:21 +0530 Sat, 23 May 2026 11:15:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=40383 Computation of exempt income for a specified fund under clause (23FF) of section 10 is based on capital gains attributable to units held by non-resident unit holders, other than a permanent establishment in India. Where Form No. 10-II is filed, the exempt income is calculated by a prescribed formula using the relevant capital gains and the proportion of daily assets under management held by non-resident unit holders. If no Form No. 10-II is filed, the exempt income is NIL. The rule also requires electronic filing of Form No. 10-II, certification in Form No. 10-IJ, and defines key terms for the computation mechanism. Act-Rules Income Tax Tue, 28 Dec 2021 10:33:21 +0530 https://www.taxtmi.com/acts?id=40383