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

May 30, 2020
The Finance (No. 2) Act, 2019 has amended section 9A to provide that the Govt. shall provide set of rules to determine amount of remuneration for eligible fund managers to be paid by the offshore funds. In December 2019, the CBDT has issued draft notification to prescribe the manner for calculation of such remuneration. Considering the input from public and stakeholders, the board has released final rules on calculation of remuneration of fund managers

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