https://www.taxtmi.com/acts?id=19128 Section 115UB treats income accruing or received by unit holders of registered Category I or II Alternative Investment Funds as if the investments were held directly by those unit holders, with income retaining its nature and proportion in their hands. Fund-level losses (excluding clause (23FBA) effects) remain with the fund and may be carried forward under Chapter VI rather than passed through. Unpaid accrued income is deemed credited to unit holders at year-end in their entitlement proportions, funds and payors must file prescribed statements, and Chapters XII-D and XII-E do not apply to income taxed under this Chapter. en-us Sat, 28 Feb 2015 19:22:18 +0530 Mon, 02 Mar 2015 12:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19128 Section 115UB treats income accruing or received by unit holders of registered Category I or II Alternative Investment Funds as if the investments were held directly by those unit holders, with income retaining its nature and proportion in their hands. Fund-level losses (excluding clause (23FBA) effects) remain with the fund and may be carried forward under Chapter VI rather than passed through. Unpaid accrued income is deemed credited to unit holders at year-end in their entitlement proportions, funds and payors must file prescribed statements, and Chapters XII-D and XII-E do not apply to income taxed under this Chapter. Act-Rules Bill Sat, 28 Feb 2015 19:22:18 +0530 https://www.taxtmi.com/acts?id=19128