Section 9A of ITA, 1961 : Section 9A: Certain Activities Not To Constitute Business Connection In India
ITA, 1961
JavaScript did not load properly
Some content might be missing or broken. Please try disabling content blockers or use a different browser like Chrome, Safari or Firefox.
Explanation using Example
Imagine a scenario where an investment fund, let's call it "Global Growth Fund," which is based in Singapore, decides to invest in Indian markets. The fund is managed by a fund management company in India, "Mumbai Asset Managers." According to Section 9A of the Income-tax Act, 1961:
- Despite "Mumbai Asset Managers" conducting fund management activities in India on behalf of "Global Growth Fund," the latter's business connection in India is not established merely because of these activities.
- "Global Growth Fund" will not be considered an Indian resident simply because its fund manager o...
Login to access all pages and read more content.
To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.
🚀 Special Offer! Enjoy 1 Year of Ad-Free Browsing with any subscription.
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
KanoonGPT is now faster and smarter, powered by upgraded servers.
Subscribe today and unlock all new features!
Update: Discover how KanoonGPT revolutionizes legal research! Watch our demo video on the homepage to see how you can chat with various legal sections using our innovative hybrid AI search. Enjoy free unlimited AI access for a limited time!
Update: Page bookmarking and open in new tab is now supported! Simply use your browser's bookmark manager to save this page for quick access later.
Update: We're building AI tools for the Indian Law community. Help shape the future by filling out this quick form for a chance to get a free 1-year usage of the requested tool.
Download Digital Bare Acts on mobile or tablet with "Kanoon Library" app
