Income tax Amendment (22nd Amendment) Rules 2021. Rule 21AI & 21AJ – Determination and Computation of exempt income of specified fund u/s 10(4D) & 115AD(1A)
CBDT has issued Notification No. 90/2021 dated 10th August 2021 to notify Income tax Amendment (22nd Amendment), Rules, 2021 to insert the following two rules
| Rule 21AI |
Computation of exempt income of specified fund for the purposes of clause (4D) of section 10. The Rule provides formula for computation of income attributable to units held by non-resident (not being the permanent establishment of a non-resident in India) in a specified fund for the purpose of clause (4D) of section 10. |
| Rule21AJ |
Determination of income of a specified fund attributable to units held by non-residents under sub-section (1A) of section 115AD. The Rule provides formula of calculation, for purposes of sub-section (1A) of section 115AD, the income of a specified fund by way of short-term or long-term capital gains, referred to in clause (b) of sub-section (1) of section 115AD, attributable to the units held by non-resident (not being the permanent establishment of a non-resident in India)Â |
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