Rule 51: a Category III Alternative Investment Fund, shall fulfil the condition that the aggregate participat
Is rule Income-tax Rules, 2026 ka ek important provision hai jo a category iii alternative investment fund, shall fulfil the condition that the aggregate participation or investment in ke barre mein batata hai. section 70(2) ke under yeh rule applicable hai.
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Bare law
Rule 51 - a Category III Alternative Investment Fund, shall fulfil the condition that the aggregate participation or investment in
51. (1) For the purposes of section 70(2) [Table: Sl. No. 5, C(a)(A)(iv)], the original fund, in a case where a capital asset is transferred to a resultant fund being a Category III Alternative Investment Fund, shall fulfil the condition that the aggregate participation or investment in the original fund, either directly or indirectly, by persons resident in India does not exceed 5% of the corpus of such fund at the time of such transfer. (2) For the purpose of sub-rule (1) the expressions "orig
Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for purpose of computation of capital gains under section 72.
Rule breakdown
51. (1) For the purposes of section 70(2) [Table: Sl. No. 5, C(a)(A)(iv)], the original fund, in a case where a capital asset is transferred to a resultant fund being a Category III Alternative Investment Fund, shall fulfil the condition that the aggregate participation or investment in the original
Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for purpose of computation of capital gains under section 72.
Key takeaways
Legal Provision
Yeh rule section 70(2) ke under delegated legislation hai. Act ke relevant provisions ke saath iska alignment hona zaroori hai.
- section 70(2) ke under yeh rule framed hai
- Amendment time to time ho sakte hain
Professional Advice
Complex provisions ko samajhne ke liye apne CA/CS se consult karein.
- CA se help lene se mistakes kam ho jati hain
- Accurate filing ke liye expert guidance zaroori hai
Compliance Essentials
Rule ke provisions properly follow karne se future litigation avoid ho sakti hai.
- Accurate information diye bina application reject ho sakti hai
- Timely compliance se disputes kam ho jati hain
FAQs
Is rule section 70(2) ke under kaise aata hai?
Is rule Income-tax Act, 2025 ke section 70(2) ke under delegated legislation hai aur Income-tax Rules, 2026 ka part hai.
Is rule kab se applicable hoga?
Is rule 1st April, 2026 se applicable hoga. Jab tak koi amendment nahi aati, yeh current form mein valid rahegi.
Kya CA se help leni chahiye?
Complex provisions ko samajhne aur accurate compliance ke liye apne CA/CS se consult karein. Professional help mistakes kam karti hai.
Yeh rule section 70(2) ke liye kya hai?
Yeh rule section 70(2) ke provisions ke under delegated rules banati hai jo Income-tax Rules, 2026 ke part hain.