Amendment of section 9A.

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....ation, or at the end of such previous year, whichever is later" shall be substituted; (ii) in clause (m), for the words "the arm's length price of the said activity", the words "the amount calculated in such manner as may be prescribed" shall be substituted. - Clause 5 of the Bill seeks to amend section 9A of the Incometax Act relating to certain activities not to constitute business connecti....

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....of the month of its establishment or incorporation, or at the end of such previous year, whichever is later. Further, clause (m) of said sub-section provides that the remuneration paid by the fund to an eligible fund manager in respect of fund management activity undertaken by him on its behalf is not less than the arm's length price of the said activity. It is proposed to amend the said cla....