Tax Transparency of Funds: Bangalore ITAT Passes a Comprehensive Landmark Ruling
8 Pages Posted: 23 Oct 2014
Date Written: October 1, 2014
India currently has venture capital funds, alternative investment funds, private equity funds, real estate investment trusts, securitisation trusts, special situation funds, asset reconstruction trusts, and so on. And yet, with absolutely no clarity on tax principles. There are as many tax principles as are funds existing in India. In a recent ITAT ruling of India Advantage Fund, the judiciary has provided the much needed clarity on fund taxation.
Keywords: Funds, funds in India, taxation on funds, India Advantage Fund, alternative investment funds, AIFs, AIF taxation, real estate investment trusts, REITs, REITs taxation, tax clarity in funds, tax pass-through in funds, tax pass-through for funds, pass-through for funds, trust taxation
Suggested Citation: Suggested Citation