Provisions of Rule 10VA would apply if application is made seeking approval for lower fund manager remuneration

The Central Board of Direct Taxes (CBDT) has amended Rule 10V of the Income-tax Rules, 1962. Two new proviso have been added in the sub-rule 12 providing manner for computation of remuneration payable to fund manager. It has been provided that, provisions of sub-rules (3) to (12) of rule 10VA shall, mutatis mutandis, apply to the application made by assessee before the CBDT seeking lower remuneration payable to fund managerThe Central Board of Direct Taxes (CBDT) has amended Rule 10V of the Income-tax Rules, 1962. Two new proviso have been added in the sub-rule 12 providing manner for computation of remuneration payable to fund manager. It has been provided that, provisions of sub-rules (3) to (12) of rule 10VA shall, mutatis mutandis, apply to the application made by assessee before the CBDT seeking lower remuneration payable to fund managertaxmann.com Latest Statutory HappeningsRead More

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