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Home Acts & Rules Income Tax Rule Income-tax Rules, 1962 Chapters List Chapter IV TAX EXEMPTIONS AND RELIEFS This
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Rule 21AI - Computation of exempt income of specified fund for the purposes of clause (4D) of section 10 - Income-tax Rules, 1962

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..... fund as a result of transfer of capital asset referred to in clause (viiab) of section 47 , on a recognised stock exchange located in any International Financial Services Centre and where the consideration for such transaction is paid or payable in convertible foreign exchange; B = any income accrued or arisen to, or received by a specified fund as a result of transfer of securities (other than shares in a company resident in India); C1 = ratio of the aggregate of daily ‘assets under mana .....

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Rule 21AI - Computation of exempt income of specified fund for the purposes of clause (4D) of section 10 - Income-tax Rules, 1962

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..... rwise does not accrue or arise in India; E = any income accrued or arisen to, or received by a specified fund from a securitisation trust which is chargeable under the head "profits and gains of business or profession"; and F1 = ratio of the ‘assets under management’ in the specified fund held by non-resident unit holders (not being the permanent establishment of a non-resident in India) to the total ‘asset under management’ of the specified fund, as on the date .....

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Rule 21AI - Computation of exempt income of specified fund for the purposes of clause (4D) of section 10 - Income-tax Rules, 1962

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..... orm No. 10IG and shall also be responsible for evolving and implementing appropriate security, archival and retrieval policies in relation to the statements so furnished under this rule. Explanation.- For the purpose of this rule, the expressions,- (a) “assets under management” means the closing balance of the value of assets or investments of the specified fund as on a particular date; (b) "International Financial Services Centre" shall have the same meaning as assigned to .....

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Rule 21AI - Computation of exempt income of specified fund for the purposes of clause (4D) of section 10 - Income-tax Rules, 1962

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