WebThe tax applicable depends on the legal form of the AIF – 30% for LLPs and 25% for Pvt Ltd companies. Taxation of AIF’s set up as Trusts. The taxation of AIF’s set up as a trust, depends on 2 factors: (a) whether the AIF earns business income (b) whether the trust is Determinate or Indeterminate. Income includes Business/Profession Income ... WebNov 3, 2024 · If an investor in the GIFT AIF is a feeder fund, then the investor in that feeder fund could be exposed to tax as a result of indirect transfer provisions. Nonresident investors investing in Category I or II AIFs in India or Category I Foreign Portfolio Investors (FPIs) are outside the purview of indirect transfer provisions.
Alternative Investment Funds : Categories, SEBI Rules, Taxation
WebJan 24, 2024 · Section 115UB– Taxation of income of Investment funds- Clarity required on taxation of Category III AIF. Issue/Justification. Several Category I and II Alternative … WebRs. 50,000/-. Goods and Service Tax (GST) is payable on the Processing fees at the applicable rate. BSE reserves the right to revise the above fee structure. B. List of documents to be submitted for Listing of units of AIF (Post allotment of units) Certified true copy of the following Agreements / documents: compound ardan
What is category I Alternative Investment Fund?
Web2 19T TRATOA TA FAC COFRC 2015 Overseas Fund: Tax and Regulatory Aspects gains earned by foreign company, tax pass through status for categories I and II AIF, lower withholding tax rate in case of interest payable to FPI. These reforms have set the positive tone which will promote foreign investment in India. Web12.3. Explain the concept of ‘tax pass through’ and its relevance from an AIF perspective. 12.4. Evaluate in comparative terms, the taxation framework for a domestic AIF in India constituted as a trust or LLP. 12.5. Discuss the tax treatment for Category I and II AIFs for business income and losses. 12.6. WebApr 13, 2024 · However, like Category II AIFs, the AIFs in Category III are also exempt from all forms of incentives and concessions from the government and other authorities. Hedge funds can be said to be an example of a category III AIF. While AIFs raise funds from high profile private investors, there are taxation rules that apply to these funds. echo 8 display