The Central Board of Direct taxes through circular dated the 9th August, 2021 has issued the Income tax Amendment
(22nd Amendment), Rules, 2021. The amendment provides the procedure for computation of income of a specified fund attributable to units held by non-resident and for computation of exempt income of specified funds.
The amendment also provides the form for filing statement of exempt income of specified funds. A copy of the certificate of registration under Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 shall be attached with the form.
