Committee for examining applications made under Rule 10VA notified
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....ommittee for examining applications made under Rule 10VA notified <br>News and Press Release<br>Dated:- 23-5-2016<br><BR>The Finance Act, 2015 inserted a new Section 9A to the Income-tax Act, 1961 wit....
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....h effect from 01.04.2016 to provide for a special regime in respect of offshore funds having fund managers located in India. The necessary guidelines for application of Section 9A have been published ....
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....in the Official Gazette vide Notification No. SO 1101 (E) dated 15.03.2016 by way of insertion of rules 10V, 10VA, 10VB and Forms 3CEJ & 3CEK in the Income-tax Rules, 1962. Rule 10VA provides for mec....
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....hanism of fund being approved by the Central Board of Direct Taxes (CBDT) for purpose of Section 9A. The fund seeking approval is required to make an application to Member (Income-tax), CBDT. A Commit....
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....tee as notified by the Board is to examine the application and submit its recommendations regarding grant of approval or otherwise and the conditions, if any, subject to which such approval would be g....
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....ranted. Accordingly, the Central Board of Direct Taxes (CBDT) has notified the Committee as follows: * Chief Commissioner of Income Tax (International Taxation), West Zone, Mumbai (Chairman). * C....
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....ommissioner of Income Tax (International Taxation)-1, Mumbai. * Commissioner of Income Tax (Transfer Pricing)-1 Mumbai. The copy of the order notifying the above Committee is available on the Depar....
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....tment website www.incometaxindia.gov.in for viewing.<BR> News - Press release - PIB....