https://www.taxtmi.com/acts?id=49222 Income of a unit holder from investments made through an investment fund is taxed in the unit holder's hands as if the investment were made directly by them; income unpaid during the year is deemed credited on the last day of the tax year in proportion to entitlement, and income included on accrual is not taxed again on payment. Fund losses are subject to carve-outs: business losses remain with the fund and follow carry forward rules, certain non business losses are excluded from pass through if units were held under twelve months, and specified accumulated losses are deemed to belong to unit holders who held units on the relevant historical date. en-us Fri, 14 Feb 2025 17:48:09 +0530 Fri, 14 Feb 2025 17:48:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49222 Income of a unit holder from investments made through an investment fund is taxed in the unit holder's hands as if the investment were made directly by them; income unpaid during the year is deemed credited on the last day of the tax year in proportion to entitlement, and income included on accrual is not taxed again on payment. Fund losses are subject to carve-outs: business losses remain with the fund and follow carry forward rules, certain non business losses are excluded from pass through if units were held under twelve months, and specified accumulated losses are deemed to belong to unit holders who held units on the relevant historical date. Act-Rules Bills Fri, 14 Feb 2025 17:48:09 +0530 https://www.taxtmi.com/acts?id=49222