NCLAT: Can’t Dismiss Restoration App. if Filed in 30 Days from Date of Dismissal of Original App.  ||  Delhi HC: Communication between Parties through Whatsapp Constitute Valid Agreement  ||  Delhi HC Seeks Response from Govt. Over Penalties on Petrol Pumps Supplying Fuel to Old Vehicles  ||  Centre Notifies "Unified Waqf Management, Empowerment, Efficiency and Development Rules, 2025"  ||  Del. HC: Can’t Reject TM Owner’s Claim Merely because Defendant Could have Sought Removal of Mark  ||  Bombay HC: Cannot Treat Sole Director of OPC, Parallelly with Separate Legal Entity  ||  Delhi HC: Can Apply 'Family of Marks' Concept to Injunct Specific Marks  ||  HP HC: Can’t Set Aside Ex-Parte Decree for Mere Irregularity  ||  Cal. HC: Order by HC Bench Not Conferred With Determination by Roster is Void  ||  Calcutta HC: Purchase Order Including Arbitration Agreement to Prevail Over Tax Invoice Lacking it    

Income Tax Rules on Fund Manager regime- (Ministry of Finance ) (15 Mar 2016)

MANU/CBDT/0021/2016

Direct Taxation

The Central Board of Direct Taxes released the Income-Tax (5th Amendment) Rules, 2016 providing guidelines for the application of Section 9A of the Income Tax Act, 1961. The Rules introduce Form No. 3CEJ, enabling reporting on arm’s length price on remuneration paid by an investment fund to the fund manager; and Form No. 3CEK provides verification of Annual Statement under Section 9A of the Act.

Section 9A provides for a taxation regime, effective 1 April 2016, to facilitate location of fund managers of offshore funds in India. Under the regime, fund management activity carried-out through an eligible fund manager in India by an eligible investment fund does not constitute business connection in India of the fund and also does not lead to the residence of the fund in India.

Relevant : Fund Manager Regime under Section 9A of the Act MANU/PIBU/0332/2016

Tags : FUND MANAGER   OFFSHORE   INCOME TAX  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved