The Finance Act, 2021 has inserted a new clause (23FF) to section 10 to provide the capital gain exemption to investors of the resultant fund or specified fund to the extent capital gain income attributable to units held by a non-resident. The CBDT has notified a new Rule 2DD prescribing manner to compute such exempt income of specified fund under said sub-clause.The Finance Act, 2021 has inserted a new clause (23FF) to section 10 to provide the capital gain exemption to investors of the resultant fund or specified fund to the extent capital gain income attributable to units held by a non-resident. The CBDT has notified a new Rule 2DD prescribing manner to compute such exempt income of specified fund under said sub-clause.taxmann.com Latest Statutory HappeningsRead More
