Other Conditions required to be fulfilled by the original fund https://www.taxtmi.com/acts?id=40872 An original fund transferring a capital asset to a resultant fund that is a Category III Alternative Investment Fund must satisfy the condition that aggregate participation or investment in the original fund by persons resident in India, whether direct or indirect, does not exceed the prescribed corpus threshold at the time of transfer. The expressions "original fund" and "resultant fund" bear the meanings assigned in the relevant explanations to section 47 for this purpose. en-us Sat, 09 Jul 2022 09:56:09 +0530 Tue, 19 May 2026 18:14:29 +0530 TaxTMI RSS Generator Other Conditions required to be fulfilled by the original fund https://www.taxtmi.com/acts?id=40872 An original fund transferring a capital asset to a resultant fund that is a Category III Alternative Investment Fund must satisfy the condition that aggregate participation or investment in the original fund by persons resident in India, whether direct or indirect, does not exceed the prescribed corpus threshold at the time of transfer. The expressions "original fund" and "resultant fund" bear the meanings assigned in the relevant explanations to section 47 for this purpose. Act-Rules Income Tax Sat, 09 Jul 2022 09:56:09 +0530 https://www.taxtmi.com/acts?id=40872