Tax manuals are outdated, even the most recent ones. This notification came a few months back
Without audits, your tax return is faulty and you will get a notice.
Sorry to say, but for a person claiming to be a fund manager, you knowledge is really stunted.
You dont have a CA degree. No CFA, You dont know tax laws, you most probably are not even a graduate yet, or maybe just are.
I know a few fund managers, and they could eat a dozen of you for breakfast in the knowledge department
Now, after reading this, I am sure you are going to jump around like a wounded dog...... and I will consider it below my dignity to respond to your posts