Finance Acts
Section - 13 - Amendment of section 47
Amendment of section 47.13. In section 47 of the Income-tax Act, in clause (viiad), in the Explanation,-
| (i) | - | for clause (c), the following clause shall be substituted with effect from the 1st April, 2026, namely:- |
| - | '(c) "resultant fund" means a fund established or incorporated in India in the form of a trust or a company or a limited liability partnership, which is located in an International Financial Services Centre as referred to in sub-section (1A) of section 80LA, and has been granted a certificate of registration as a Category I or Category II or Category III Alternative Investment Fund or a certificate as a retail scheme or as an Exchange Traded Fund, and is regulated under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 made under the Securities and Exchange Board of India Act, 1992 (15 of 1992) or regulated under the International Financial Services Centres Authority (Fund Management) Regulations, 2022 made under the International Financial Services Centres Authority Act, 2019 (50 of 2019); | |
| (ii) | - | Google Play store
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