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Taxation of aif category ii

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 https://sachsscientific.com

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

AIF Taxation - SBNRI

Category:How taxation works for AIF and PMS investors

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Taxation of aif category ii

Overseas Fund: Tax and Regulatory Aspects - bcasonline.org

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 … WebSep 3, 2024 · Category-III AIF – Case studies on exemption and taxability. Section 10 (4D) provides exemption to the specified funds in respect certain specified income. Further, …

Taxation of aif category ii

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WebMar 19, 2016 · Category II AIF is a residual category and covers AIFs for which no specific incentives or concessions are given by the Government/other regulators. Category II AIF will cover classic private equity funds and debt funds. Such funds do not undertake leverage or borrowing other than to meet day-to-day operational requirements. WebJan 23, 2024 · The Finance Act, 2015 introduced a special taxation regime by granting a pass-through status to Category I and Category II AIFs. As a result of which, the obligation to pay tax on the income earned by AIFs (other than business income) lies in the hands of the investors of the AIF directly.

WebHaving a detailed understanding of Category II & III AIF - Open & Closed ended funds structures, Taxation, Accounting. Preparation of marketing material for the sales team, … WebSep 20, 2024 · 1. Category I AIFs is one of the broad categories of AIF that invest in startups, SMEs and socially and economically viable projects and have 4 types of funds: 2. Venture capital funds invest in start-ups which have a high growth potential but are lacking the funds to expand further. 3. Infrastructure funds invest in the development of public …

WebOct 19, 2024 · The Income-tax Act 1961 provides a pass-through tax regime in respect of income other than business income earned by category I and category II AIFs. Under the said regime: Income of the AIFs is taxable in the hands of the investors in the same manner as if the income were accruing or arising to the investors, had the investments made by … WebJun 7, 2024 · Category-III funds have no minimum tenure. No fixed tenure for securities. 8. Taxation: Two factors impact the taxation of an AIF: Classification of the fund into one of the 3 categories andLegal form of the fund. SEBI regulations permit an AIF to be set up in the form of a trust, or a company, or a limited liability partnership or a body ...

WebUnder the provisions of the Income-tax Act, 1961 an investment fund established or incorporated in India and registered with the Securities and Exchange Board of India …

WebDec 14, 2024 · Category III AIF are those trading with a view to making short-term returns and include hedge funds and PIPE Funds. “Category II offers a plethora of products. echo 927 led 21w cld griWebApr 14, 2024 · AIF Taxation: Category Wise Cat 1 and 2 AIF Taxation. The Finance Act of 2015 introduced a special taxation regime that grants a pass-through to Category I and Category II AIFs. In this pass-through system, the income generated by the fund will be … compound architectureWebJan 16, 2024 · The AIF Regulations contemplate 3 categories of AIFs: (a) Category-I AIF, which generally invests in start-up or early stage ventures; (b) Category-II AIF, which is an … echo a bandeWebJun 24, 2024 · An investor is required to invest at least Rs. 1 crore in AIFs. However, in case the investor happens to be an employee, director, or fund manager of an AIF, he/she can invest a minimum of Rs. 25 lakhs. The maximum number of investors allowed to invest in AIFs is 1000 and in angel funds is 49. Category I and II AIFs can be close-ended only with ... echo 900 wdgWebNov 16, 2024 · The classification of strategy offered by Abbakkus is made under Long only Category 3 AIF. The founder ensured to create a reputation, which is a result of more than 2 decades of experience in Fund Management. Speaking of the ideas which make up this particular fund – basics, focus on the fundamentals and numbers, sum up this simple … compound are made up ofWebNov 12, 2024 · 1 Data relating to activities of Alternative Investment Funds (AIFs), SEBI. 2 The fourth Alternative Investment Policy Advisory Committee Report dated July 23, 2024. 3 The Taxation and Other Laws ... compound artemetherWebFeb 2, 2024 · Category I and Category II AIFs have tax pass-through status for Indian income-tax purposes (except for business income, which is taxable in the hands of the AIF for which 100% tax holiday can be claimed for a period of 10 consecutive years out of a block of first 15 years). compound annual growth rate in excel formula