https://www.taxtmi.com/notifications?id=138690 A new rule requires that, to qualify for the capital gains exemption when a capital asset is transferred from an original fund to a resultant fund that is a Category III Alternative Investment Fund, the aggregate participation or investment in the original fund by persons resident in India must not exceed a specified small proportion of the fund's corpus at the time of transfer; the terms original fund and resultant fund are as defined in the Explanation to section 47. en-us Fri, 08 Jul 2022 00:00:00 +0530 Mon, 11 Jul 2022 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=138690 A new rule requires that, to qualify for the capital gains exemption when a capital asset is transferred from an original fund to a resultant fund that is a Category III Alternative Investment Fund, the aggregate participation or investment in the original fund by persons resident in India must not exceed a specified small proportion of the fund's corpus at the time of transfer; the terms original fund and resultant fund are as defined in the Explanation to section 47. Notifications Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/notifications?id=138690