https://www.taxtmi.com/acts?id=36814 Amendment revises section 115UB so that losses under the head Profit and gains of business or profession remain with the investment fund and may be carried forward and set off by the fund under Chapter VI and are ignored for attributing income or loss to unit holders; other fund level losses are ignored for attribution where the unit was not held for at least twelve months, and specified transitional fund losses are deemed to be losses of unit holders who held units on the cut off date and may be carried forward by them under Chapter VI for the remaining period. en-us Fri, 05 Jul 2019 17:54:57 +0530 Fri, 05 Jul 2019 17:54:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36814 Amendment revises section 115UB so that losses under the head Profit and gains of business or profession remain with the investment fund and may be carried forward and set off by the fund under Chapter VI and are ignored for attributing income or loss to unit holders; other fund level losses are ignored for attribution where the unit was not held for at least twelve months, and specified transitional fund losses are deemed to be losses of unit holders who held units on the cut off date and may be carried forward by them under Chapter VI for the remaining period. Act-Rules Bill Fri, 05 Jul 2019 17:54:57 +0530 https://www.taxtmi.com/acts?id=36814