https://www.taxtmi.com/acts?id=48434 Amendment substitutes the Explanation to clause (viiad) of section 47 to redefine "resultant fund" as an India established trust, company or LLP located in an International Financial Services Centre that holds either a certificate of registration as a Category I/II/III Alternative Investment Fund regulated under SEBI or IFSC Fund Management Regulations, or a certificate as a retail scheme or Exchange Traded Fund satisfying the conditions of the referenced provision; the redefinition is effective 1 April 2026. The amendment also extends the relocation cut off date for asset transfers into the resultant fund, with the extension taking effect 1 April 2025. en-us Sat, 01 Feb 2025 14:31:24 +0530 Sat, 01 Feb 2025 14:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48434 Amendment substitutes the Explanation to clause (viiad) of section 47 to redefine "resultant fund" as an India established trust, company or LLP located in an International Financial Services Centre that holds either a certificate of registration as a Category I/II/III Alternative Investment Fund regulated under SEBI or IFSC Fund Management Regulations, or a certificate as a retail scheme or Exchange Traded Fund satisfying the conditions of the referenced provision; the redefinition is effective 1 April 2026. The amendment also extends the relocation cut off date for asset transfers into the resultant fund, with the extension taking effect 1 April 2025. Act-Rules Bills Sat, 01 Feb 2025 14:31:24 +0530 https://www.taxtmi.com/acts?id=48434