Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961

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....uary 2021 Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961 Finance (No 2) Act, 2019, inter alia, amended clause (m) of sub-section (3) of section 9A of the Income-tax Act, 1961 (the Act) w.e.f. 01.04.2019  to provide for payment of remuneration by an eligible investment fund to an eligible fund manager in respect of fund management activity undertaken....

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.... fund to a fund manager for the financial year 2019-20 as the said Notification No 29/2020 was notified after the financial year got over and the financial year 2020-21 had already commenced. 4.  In order to avoid genuine hardship in such cases, the Board, in exercise of powers conferred under section 119 of the Act, has decided to provide that for the financial years 2019-20 and 20-2021 i....