TaxTMI 
TaxTMI 
Income-tax (10th Amendment) Rules, 2020.
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....wise provided in these rules, they shall come into force on the date of their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), - (a) in rule 10V,- (i) after sub-rule (10), the following shall be inserted, namely: - "(11) The provisions of sub-rule (5) to sub-rule (10) shall not apply on or after the 1st day of April, 2019. (12) the amount of remuneration to be paid by the fund to a fund manager, referred to in clause (m) of sub-section (3) of section 9A, shall be calculated in the following manner, namely: - (i) In case where the fund is Category-I foreign portfolio investor referred to in item (i), item (ii) or item (iii), and s....
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....ule (2) of rule 10VA seeking approval of the Board under said rule for that lower amount to be the amount of remuneration, and, on receipt of such application the Board may, after satisfying itself considering the relevant facts, approve such lower amount to be the amount of remuneration. Explanation - For the purposes of this rule - (a) "asset under management " mean the annual average of the monthly average of the opening and closing blances of the value of such part of the fund which is managed by the fund manager; (b) "management fee" means the amount as mentioned in the certificate obtained from an account , as defined in clause (i) of Explanation to rule 11UB, for this purpose; (c) " specified hurdl....
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....ger in respect of fund management activity and other transactions or services rendered by the fund manager to the fund/funds so far as appears from *my/our examination of the records of the fund manager. 2. The particulars required to be furnished for the purpose of section 9A are given in the Annexure to this Form. In*my/our opinion and to the best of my/our information and according to the explanations given to *me/us, the particulars given in the Annexure are true and correct. **Signed: ........................ Name: ........................ Address : ........................ Membership No : ........................ Place: Date: Notes: 1. *Delete whichever is not applicable. 2. **This report has to be signed....
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....sp; Yes/ No (f) The amount out of (e) to which the fund manager along with its connected persons is, directly or indirectly, entitled to 12. Particulars of remuneration received in respect of each eligible investment fund and each activity undertaken (if such activity is separately remunerated): (a) Name and address of the fund for which the fund management activity has been undertaken. (b) Description of the activity. (c) Total amount received or receivable in respect of the activity- (i) as per books of account; (ii) as computed by the fund manager having regard to the amount prescribed in this behalf. 13. Particulars in respect of any other transaction undertak....
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....ssessing Officer Sl No. Heading Details Remarks if any 1 Financial Year for which the Statement is being submitted 2 Name of the eligible fund 3 Address of the fund 4 Permanent Account Number (if Allotted) 5 Country of Residence 5A Tax Identification No.. if any of country of residence 6 Accounting year of the Fund 7 Details of Approval if any granted by CBDT 8 Whether during the Financial Year the fund has satisfied all the conditions specified in section 9A and in case of Approved Fund whether conditions....