Investment fund - Definition / Legal Terminology - Income Tax

Explanation 1(a). - As per section 115UB of the Income tax Act 1961 , For the purposes of Chapter XII-FB (special provisions relating to tax on income of investment funds and income received from such funds) ,- investment fund means- any fund established or incorporated in India in the form of a trust or a company or a limited liability partnership or a body corporate which has been granted a certificate of registration as a Category I or a Category II Alternative Investment Fund and is regulated under the Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, made under the Securities and Exchange Board of India Act, 1992 regulated under the International Financial Services Centres Authority (Fund Management) Regulations, 2022 made or under the International Financial Services Centres Authority Act, 2019 Note - As per Notification No. 49/2023 , the same definition of investment fund mentioned above has been notified for the purpose of Section 139(1C) of the Income Tax Act, 1961.