https://www.taxtmi.com/manuals?id=2539 Section 115UB governs taxation of a registered Category I or II Alternative Investment Fund, prescribing that income computation distinguishes PGBP losses (carried forward and set off under general rules but ignored for Section 115UB purposes) from other losses (ignored for Section 115UB when units were held for under twelve months). Losses at the fund level as of 31 March 2019 are deemed to belong to unit holders who held units then and may be carried forward by them; such deemed losses are not available to the fund on or after 1 April 2019. The fund's total income is taxed at rates determined by its legal form and distributions of non-PGBP income require TDS and specific reporting and filing obligations. en-us Wed, 29 Mar 2023 11:08:00 +0530 Tue, 07 May 2024 17:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2539 Section 115UB governs taxation of a registered Category I or II Alternative Investment Fund, prescribing that income computation distinguishes PGBP losses (carried forward and set off under general rules but ignored for Section 115UB purposes) from other losses (ignored for Section 115UB when units were held for under twelve months). Losses at the fund level as of 31 March 2019 are deemed to belong to unit holders who held units then and may be carried forward by them; such deemed losses are not available to the fund on or after 1 April 2019. The fund's total income is taxed at rates determined by its legal form and distributions of non-PGBP income require TDS and specific reporting and filing obligations. Manuals Income Tax Wed, 29 Mar 2023 11:08:00 +0530 https://www.taxtmi.com/manuals?id=2539