9911796707
TMI BlogIncome-tax (10th Amendment) Rules, 2020.X X X X Extracts X X X X X X X X Extracts X X X X ..... their publication in the Official Gazette. 2. In the Income-tax Rules, 1962 (hereinafter referred to as the principal rules), - (a) in rule 10V,- (i) after sub-rule (10), the following shall be inserted, namely: - "(11) The provisions of sub-rule (5) to sub-rule (10) shall not apply on or after the 1st day of April, 2019. (12) the amount of remuneration to be paid by the fund to a fund manager, referred to in clause (m) of sub-section (3) of section 9A, shall be calculated in the following manner, namely: - (i) In case where the fund is Category-I foreign portfolio investor referred to in item (i), item (ii) or item (iii), and sub-item III of item (iv) of clause (a) of regulation 5 of the Securities and Exchange Board of India (F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h application the Board may, after satisfying itself considering the relevant facts, approve such lower amount to be the amount of remuneration. Explanation - For the purposes of this rule - (a) "asset under management " mean the annual average of the monthly average of the opening and closing blances of the value of such part of the fund which is managed by the fund manager; (b) "management fee" means the amount as mentioned in the certificate obtained from an account , as defined in clause (i) of Explanation to rule 11UB, for this purpose; (c) " specified hurdle rate" mean a pre-defined threshold beyond which the fund agrees to pay a share of the profits earned by the fund from the fund management activity undertaken by the fund m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o far as appears from *my/our examination of the records of the fund manager. 2. The particulars required to be furnished for the purpose of section 9A are given in the Annexure to this Form. In*my/our opinion and to the best of my/our information and according to the explanations given to *me/us, the particulars given in the Annexure are true and correct. **Signed: …………………… Name: …………………… Address : …………………… Membership No : …………………… Place: Date: Notes: 1. *Delete whichever is not applicable. 2. **This report ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... vestment fund and each activity undertaken (if such activity is separately remunerated): (a) Name and address of the fund for which the fund management activity has been undertaken. (b) Description of the activity. (c) Total amount received or receivable in respect of the activity- (i) as per books of account; (ii) as computed by the fund manager having regard to the amount prescribed in this behalf. 13. Particulars in respect of any other transaction undertaken by the fund manager with/on behalf of the eligible investment fund: (a) Has the fund manager entered into any other transaction or rendered any other service to the eligible investment fund or on behalf of the fund, but not specifically referred to above? Yes/No (b) I ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of Approval if any granted by CBDT 8 Whether during the Financial Year the fund has satisfied all the conditions specified in section 9A and in case of Approved Fund whether conditions subject to which approval was granted, have also been fulfilled. YES/NO 9 If answer to 8 is No then provide details and period of non-fulfilment and the reasons thereof 10 Whether any person resident in India had any participation interest directly or indirectly in the fund during the year? Yes/NO 11 If answer to 10 is Yes provide details of person (s) and percentage Interest 12 Details of any shareholding agreement entered during the year in respect of any Indian Concern 13 Details of Fund Manager(s) in India rendering services for or on behal ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
