The Central Board of direct taxes vide notification dated the 16th June, 2022 has issued the Income-tax (Seventeenth Amendment), Rules, 2022. The amendment provides that a specified fund referred to in section 10 of the Act shall maintain the following documents in respect of its unit holders,—
i. name of the unit holder;
ii. tax identification number of the unit holder in the country of residence at the time the units were issued;
iii. permanent account number, if available;
iv. total number of units held;
v. total value of units held;
vi. whether unit holder is a sponsor or a manager;
vii. the previous year in which the unit holder became resident and;
viii. date of exit from specified fund.
