https://www.taxtmi.com/acts?id=53526 Procedure for an investment fund to avail the benefit under section 9(12) read with Schedule I to the Act is prescribed by setting out conditions for look-through treatment of institutional entities, temporary tolerance for specified non-fulfilment of eligibility conditions, the test for control or management of a business, minimum remuneration payable to a fund manager, and the approval mechanism where a lower remuneration is proposed. The rule also requires the fund manager to obtain and furnish an accountant's report in the prescribed form, and clarifies when a fund manager is not to be treated as a connected person merely by reason of fund management activity. en-us Fri, 20 Mar 2026 18:39:36 +0530 Wed, 08 Apr 2026 14:48:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53526 Procedure for an investment fund to avail the benefit under section 9(12) read with Schedule I to the Act is prescribed by setting out conditions for look-through treatment of institutional entities, temporary tolerance for specified non-fulfilment of eligibility conditions, the test for control or management of a business, minimum remuneration payable to a fund manager, and the approval mechanism where a lower remuneration is proposed. The rule also requires the fund manager to obtain and furnish an accountant's report in the prescribed form, and clarifies when a fund manager is not to be treated as a connected person merely by reason of fund management activity. Act-Rules Income Tax Fri, 20 Mar 2026 18:39:36 +0530 https://www.taxtmi.com/acts?id=53526