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CBDT notifies draft norms for calculating remuneration payable to eligible fund manager u/s 9A

December 6, 2019
The Finance (No. 2) Act, 2019 has amended the provisions of section 9A to provide that the Govt. shall provide set of rules to determine the amount of remuneration for eligible fund managers to be paid by the offshore funds. The CBDT has issued a draft notification to prescribe the manner for calculation of such remuneration. General public and the stakeholders are also requested to provide inputs on such draft rule at ustpll@nic.in by 19-12-2019.

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