<h1>Tax parity for investment funds ensures equal tax treatment of distributed income and interest to non-residents; investor protection funds exempt.</h1> The Finance Bill 2013 proposes parity of taxation by subjecting distributed income from an IDF-Mutual Fund and interest paid by an IDF-NBFC to non-residents to the same tax rate of 5 percent, and proposes that an investor protection fund created by a depositor to protect beneficial owners' interests shall be exempt from income tax.