Tag: business connection

Business Connection in India, Conditions of section 9A not applicable to investment fund set up by Category-I FPI registered under SEBI Regulations MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES) Notification No. 41/2020 New Delhi, the 30th June, 2020 (INCOME–TAX) S.O. 2148(E).—In exercise of the powers conferred …

CBDT amends Rule 10V for grant of exemption to eligible funds from business connections in India. CA report to be filed in Form 3CEJA u/s 9A   MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF DIRECT TAXES)   Notification No. 29/2020   New Delhi, the 27th May, 2020   …

Fund management activity thtough Fund managers registered under SEBI Mutual Funds Regulations 1996 not to constitute business connection in India Under Section 9A of the Income Tax Act, 1961, certain activities not to constitute business connection in India. Under the section,  in the case of an eligible investment …