https://www.taxtmi.com/acts?id=19772 Income of a unit holder from investments made by an investment fund is taxable in the hands of the unit holder as if the investments were made directly by him; such income is deemed of the same nature and proportion. Fund-level business losses may be carried forward by the fund and are ignored for attribution; non-business losses are ignored for attribution if the unit was not held for at least twelve months. Fund losses as of 31 March 2019 are deemed to belong to holders on that date and may be carried forward by them, and prescribed reporting by the fund and payer is required. en-us Sat, 16 May 2015 15:15:39 +0530 Mon, 23 Jun 2025 17:37:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19772 Income of a unit holder from investments made by an investment fund is taxable in the hands of the unit holder as if the investments were made directly by him; such income is deemed of the same nature and proportion. Fund-level business losses may be carried forward by the fund and are ignored for attribution; non-business losses are ignored for attribution if the unit was not held for at least twelve months. Fund losses as of 31 March 2019 are deemed to belong to holders on that date and may be carried forward by them, and prescribed reporting by the fund and payer is required. Act-Rules Income Tax Sat, 16 May 2015 15:15:39 +0530 https://www.taxtmi.com/acts?id=19772