https://www.taxtmi.com/acts?id=54841 Schedule I sets conditions for eligible investment funds and eligible fund managers to ensure specified fund-management activities do not constitute a business connection in India. The fund must be non-resident, established outside India in an eligible jurisdiction, maintain Indian resident participation within the prescribed limit, and neither conduct nor control business in India. The fund manager must be appropriately registered, independent, act in the ordinary course of fund-management business, and remain within the prescribed profit-entitlement limit. Annual compliance reporting and further prescribed disclosures are required. en-us Tue, 18 Aug 2026 10:59:19 +0530 Tue, 18 Aug 2026 11:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=54841 Schedule I sets conditions for eligible investment funds and eligible fund managers to ensure specified fund-management activities do not constitute a business connection in India. The fund must be non-resident, established outside India in an eligible jurisdiction, maintain Indian resident participation within the prescribed limit, and neither conduct nor control business in India. The fund manager must be appropriately registered, independent, act in the ordinary course of fund-management business, and remain within the prescribed profit-entitlement limit. Annual compliance reporting and further prescribed disclosures are required. Act-Rules F. Acts / Amendment Acts Tue, 18 Aug 2026 10:59:19 +0530 https://www.taxtmi.com/acts?id=54841