https://www.taxtmi.com/notifications?id=143467 The amendment prescribes the manner for calculating the minimum remuneration payable by eligible investment funds to fund managers under section 9A: a specified asset-under-management rate for certain foreign portfolio investor categories and, for other funds, alternative calculations comprising an asset-based rate, a profit-linked share above a specified hurdle for performance-linked remuneration, or a proportion of management fees net of operational expenses. The rules define "asset under management", "management fee" and "specified hurdle rate", require an accountant's report in Form No. 3CEJA, and allow Board approval for lower amounts on application. en-us Thu, 05 Dec 2019 00:00:00 +0530 Wed, 16 Apr 2025 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=143467 The amendment prescribes the manner for calculating the minimum remuneration payable by eligible investment funds to fund managers under section 9A: a specified asset-under-management rate for certain foreign portfolio investor categories and, for other funds, alternative calculations comprising an asset-based rate, a profit-linked share above a specified hurdle for performance-linked remuneration, or a proportion of management fees net of operational expenses. The rules define "asset under management", "management fee" and "specified hurdle rate", require an accountant's report in Form No. 3CEJA, and allow Board approval for lower amounts on application. Notifications Income Tax Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=143467