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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 ..... n these rules, they shall come into force on the date of 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that lower amount to be the amount of remuneration, and, on receipt of such 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 profi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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 has to be signed by an accountant as defined in the Explanation below sub-section (2) of section 288. ANNEXURE TO FORM No. 3CEJA Particulars relating to fund management activity required to be furnished f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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) If yes provide the following detail in respect of each fund and each transaction or service: (i) Name and add ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5A Tax Identification No.. if any of country of residence 6 Accounting year of the Fund 7 Details 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ...[full name in block letters] .......................................................son/daughter of holding (Designation) on behalf of the above mentioned (Name of Fund) solemnly declare that to the best of my knowledge and belief, the information given in the form is correct and complete and that the other particulars shown therein are truly stated. I further declare that I am submitting this form in my capacity as ..and I am also competent to make this submission and verify it. Verified today the day of Place Signature of Authorised Signatory Name [F. No. 142/15/2015-TPL] NEHA SAHAY, Under Secy. (Tax Policy and Legislation Divis ..... X X X X Extracts X X X X X X X X Extracts X X X X
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