Guidelines for eligible investment fund under Section 9A

By | October 18, 2016
(Last Updated On: October 18, 2016)

Eligible investment fund under Section 9A of Income Tax Act  (India)

Form No.3CEJ – Audit Report u/s 9A (Arm’s length price for remuneration paid by an eligible investment fund to the fund manager) and Form No.3CEK – Annual statement u/s 9A are available for e-Filing. Relevant notification is Notification No. 14/2016 [F.No. 142/15/2015-TPL]  dt. 15th March, 2016.

The fund manager shall, in addition to any report required to be furnished by it under section 92E, obtain a report from the accountant in respect of activity undertaken for the fund and furnish such report on or before the specified date in the Form No. 3CEJ duly verified by such accountant in the manner indicated therein and all the provisions of the Act shall apply as if it is a report to be furnished under section 92E.

Explanation.- For the purposes of this sub-rule “specified date” shall have the same meaning as assigned to “due date” in the Explanation 2 below sub-section (1) of section 139.

Statement to be furnished by the fund.- (1) The statement required to be furnished under sub-section (5) of section 9A shall be furnished for every financial year by the eligible investment fund in Form No.3CEK duly verified in the manner indicated therein, to the Assessing Officer who has the jurisdiction over the fund or would have had the jurisdiction had such fund been assessable to tax in India but for the provision of section 9A.

(2) The annual statement referred to in sub-rule (1) shall be furnished electronically under digital signature.

Download Complete Notification on eligible investment fund under Section 9A 

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