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Committee for examining applications made under Rule 10VA notified

News and Press Release - Dated:- 23-5-2016 - The Finance Act, 2015 inserted a new Section 9A to the Income-tax Act, 1961 with effect from 01.04.2016 to provide for a special regime in respect of offshore funds having fund managers located in India. T .....

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Rule 10VA provides for mechanism of fund being approved by the Central Board of Direct Taxes (CBDT) for purpose of Section 9A. The fund seeking approval is required to make an application to Member (Income-tax), CBDT. A Committee as notified by the .....

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