Monday, April 10, 2017

Taxation of income of investment funds

Direct Tax Lessons

Taxation of income of investment funds/unit holders sec 115 UB

Income of Investment Fund

Income from PGBP
  1. For Investment Fund: Taxable (Rates as per Annual finance Act)
  2. For Unit Holders: Exempt
Income other than PGBP
  1. For Investment Fund: Exempt. TDS has to deduct @ 10% when payment made to unit holders
  2. For Unit Holders: Taxable as if unit holder had directly made the investment. Income to be divided prorate to the unit holders.
Loss: Cannot distribute to unit holders. Investment fund can set off and carry forward the loss.

Dividend Distribution Tax: Not applicable when income distribute to unit holders. Investment fund need not pay DDT


Meaning of Investment Fund: 
  • Any fund established or incorporated in india in the form of a trust or a company or a limited liability partnership or a body corporate which has been under SEBI as category I or II Alternative Investment fund regulations under SEBI Act.
 
 

CA N.Rajasekhar [M.Com, FCA, DISA (ICAI)]
rajdhost@yahoo.com

15 comments:

  1. I'm also visiting this site regularly, this web site is really nice and the users are genuinely sharing good thoughts.

    ReplyDelete
  2. Wherever you decide to sell, be sure to obtain a company cost dedication before handing more than having the actual steel.best way to buy silver

    ReplyDelete
  3. Great post i must say and thanks for the information. Education is definitely a sticky subject. However, is still among the leading topics of our time. I appreciate your post and look forward to more home cleaning new york Stock education

    ReplyDelete
  4. A large portion of alternate organizations would have effectively overseen reserves as it were. In the event that the store depiction expresses that the reserve is attempting to "mirror" the execution of a record or benchmark, at that point this infers it is duplicating the list and this is latently overseen. White Label Crowdfunding Software for Sale

    ReplyDelete
  5. Crowd brain research is a type of social brain research.Crowdfunding Wordpress Plugin

    ReplyDelete
  6. I definitely enjoying every little bit of it. It is a great website and nice share. I want to thank you. Good job! You guys do a great blog, and have some great contents. Keep up the good work. How To Pitch Women Investors

    ReplyDelete
  7. i never know the use of adobe shadow until i saw this post. thank you for this! this is very helpful. https://deutschebroker.net/

    ReplyDelete
  8. This is to some extent the consequence of longer than a time of declining capacities from the middle to the.divisions. NYC Mayor

    ReplyDelete
  9. You're the best to share us about this redesign. Trust you won't get tired on making posts as enlightening as this. mintonblock digital asset investment fund

    ReplyDelete
  10. You should try this online brand and product naming course! It helps you create your own unique and catchy brand name. business people

    ReplyDelete
  11. You may likewise be considering participating in the numerous monetary administrations that are accessible like opening an IRA or purchasing an annuity. Also, you might be gauging the choice of getting credit from your bank and reimbursing it utilizing regularly scheduled payments from your compensation. The rundown of choices is unending, however in every one of these venture choices, there is some type of hazard implied. Before you choose any of the various types of speculation benefits that are accessible, there are various tips that you need to follow:Wealth Builder Club

    ReplyDelete
  12. Stopping that equity position in your company, yet maintaining apparent bulk possession, will provide you with control in the remaining sixty percent of your finance needs. https://www.accreditloan.com/

    ReplyDelete
  13. Your work is very good and I appreciate you and hopping for some more informative posts. Thank you for sharing great information to us. https://bayfront.com.sg/venture-capital-singapore/

    ReplyDelete
  14. This comment has been removed by the author.

    ReplyDelete
  15. This particular is usually apparently essential and moreover outstanding truth along with for sure fair-minded and moreover admittedly useful My business is looking to find in advance designed for this specific useful stuffs… https://www.hansfund.org

    ReplyDelete

Copyright © 2015 accounting tally taxation tutorials All Right Reserved
Subscribe by Email Get Free Updates
Don't Forget To Join US Our Community
×
blogger