https://www.taxtmi.com/forum/issue?id=108083 A special pass-through tax regime for Category I and II AIFs taxes investment income in the hands of unit holders as if they held the underlying investments directly; fund-level taxation applies only to profits and gains of business while other fund income is exempt at fund level and flows through to unit holders. Funds must file returns, furnish income-component details, deduct tax at source on distributable non-taxable amounts to unit holders, and retain fund-level losses to be carried forward; dividend/distributed income tax provisions are inapplicable to such distributions. en-us Sat, 28 Feb 2015 18:19:51 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108083 A special pass-through tax regime for Category I and II AIFs taxes investment income in the hands of unit holders as if they held the underlying investments directly; fund-level taxation applies only to profits and gains of business while other fund income is exempt at fund level and flows through to unit holders. Funds must file returns, furnish income-component details, deduct tax at source on distributable non-taxable amounts to unit holders, and retain fund-level losses to be carried forward; dividend/distributed income tax provisions are inapplicable to such distributions. Discussion-Forum Income Tax Sat, 28 Feb 2015 18:19:51 +0530 https://www.taxtmi.com/forum/issue?id=108083