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of <h1>Taxation Rules for Investment Funds and Unit Holders Under Clause 224 of Income Tax Bill 2025 Explained</h1> Clause 224 of the Income Tax Bill, 2025, addresses the taxation of income from investment funds and their unit holders. Unit holders are taxed on income from investment funds as if they made the investments directly. Losses from investment funds can be carried forward or ignored under specific conditions. Income from the fund is taxed at rates specified in the Finance Act, with different rates for companies, firms, and others. Income not distributed within the tax year is deemed credited to unit holders. Investment funds must report income details to both unit holders and tax authorities. The section defines 'investment fund,' 'trust,' and 'unit.'
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