Income-tax ( 32nd Amendment) Rules, 2016.

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....ith section 9A of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. These rules may be called the Income-tax ( 32nd Amendment) Rules, 2016. 2. In the Income-tax Rules, 1962, in rule 10V,- (i) in sub-rule (1), in clause (c), after the words "has been entered into", the words "or....

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....he nature of fixed charge and not dependent on the income or profits derived by the fund from the fund management activity undertaken by the fund manager shall not be included in the profits referred to in the said clause, if the conditions specified in clause (m) of sub-section (3) of section 9A are satisfied and such fixed charge has been agreed by the fund manager in writing at the beginning of....