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    <title>Proposed amendment of Section 9A relating to exempted activities from scope of business connection in India. Analysis of proposal and effect of amendment in section.</title>
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    <description>Amendments to section 9A require assessment of Indian resident participation in an eligible investment fund as on the first day of April and the first day of October of the previous year, and permit a deemed satisfaction of the participation cap if the excess is remedied within four months of the applicable cutoff date. The Central Government may no longer relax that investor threshold condition for funds managed from an International Financial Services Centre, while the commencement deadline for such IFSC managers eligible for other relaxations is extended to 31st March, 2030.</description>
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      <description>Amendments to section 9A require assessment of Indian resident participation in an eligible investment fund as on the first day of April and the first day of October of the previous year, and permit a deemed satisfaction of the participation cap if the excess is remedied within four months of the applicable cutoff date. The Central Government may no longer relax that investor threshold condition for funds managed from an International Financial Services Centre, while the commencement deadline for such IFSC managers eligible for other relaxations is extended to 31st March, 2030.</description>
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