Modification in conditions of special taxation regime for off shore funds under section 9A :
| CLAUSE(S) OF FINANCE BILL, 2017 |
PARTICUL ARS OF AMENDME NTS | SECTION | AMENDMENT / NEWLY INSERTED |
APPLICABLE W.E.F. |
BRIEF OF AMENDMENT |
| 5 | Modification in conditions of special taxation regime for off shore funds under section 9A | 9A(3)(j) | AMENDED | 01st April 2016 (A.Y. 2016-17) (From retrospective basis) | It is proposed to provide that in the previous year in which the eligible investment fund is being wound up, the condition that the monthly average of the corpus of the fund shall not be less than one hundred crore rupees, shall not apply. The amendment has been made to avoid unnecessary |