Govt eases norms for offshore funds to shift fund management to India2 min read 28 May 2020, 06:12 PM IST
Earlier, there was a lack of clarity on how much should be the Indian fund manager's remuneration/ fee to be eligible for section 9A relaxation
The clarifications are expected to boost flows in India as fund managers will be closer to the deal ecosystem.
MUMBAI: The finance ministry has amended income tax rules which will now make it easier for offshore funds to relocate fund management to India.
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