https://www.taxtmi.com/article/detailed?id=6850 Taxation of Investment Funds concentrates business income in the fund: PGBP is taxable to the fund while other fund income is exempt under section 10(23FBA) and existing section 10 exemptions continue. Fund losses remain with the fund for set off and carry forward. Funds structured as companies or firms are taxed at normal rates; non company/firm funds are taxed at the maximum marginal rate. Company form funds are not subject to dividend distribution tax under section 115 O on distributions. Funds must deduct TDS on distributions that are taxable in the hands of unit holders. en-us Thu, 09 Jun 2016 19:00:58 +0530 Thu, 09 Jun 2016 19:00:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6850 Taxation of Investment Funds concentrates business income in the fund: PGBP is taxable to the fund while other fund income is exempt under section 10(23FBA) and existing section 10 exemptions continue. Fund losses remain with the fund for set off and carry forward. Funds structured as companies or firms are taxed at normal rates; non company/firm funds are taxed at the maximum marginal rate. Company form funds are not subject to dividend distribution tax under section 115 O on distributions. Funds must deduct TDS on distributions that are taxable in the hands of unit holders. Articles Income Tax Thu, 09 Jun 2016 19:00:58 +0530 https://www.taxtmi.com/article/detailed?id=6850