Amount of remuneration prescribed under section 9A(3)(m) of the Income-tax Act, 1961 - Income Tax - 01 of 2021

..... Circular No. 1 of 2021 F. No. /370142/2/2021-TPL Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes (Tax Policy and Legislation Division) New Delhi 15th January 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 investme .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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

X X   X X   Extracts   X X   X X

..... 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 in cases where the remuneration paid to the fund manager is lower than the amount of remuneration prescribed under sub-rule (12) of rule 10V of the Rules, but is at arm's length, it shall be sufficient compliance to clause (m) of sub-secti .....

X X   X X   Extracts   X X   X X

Login / Subscribe to Access Full Page

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

X X   X X   Extracts   X X   X X