AMOUNT OF REMUNERATION PRESCRIBED UNDER SECTION 9A (3) (M) OF THE INCOME-TAX ACT, 1961

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AMOUNT OF REMUNERATION PRESCRIBED UNDER SECTION 9A (3) (M) OF THE INCOME-TAX ACT, 1961

Updated on:15th Jan, 2021

Finance (No 2) Act, 2019, inter alia, amended clause (m) of sub-section (3) of section 9A of the Income-tax Act, 1961 (the Act) w.e.f. 01.04.2019 to provide for payment ofremuneration by an eligible investment fund to an eligible fund manager in respect of fund management activity undertaken by him on its behalf to be not less than the amount calculated in such manner as may be prescribed.

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