Taxability of aif category ii

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August undefined, 2024

Webforce Income in respect of invst made in a securitisation trust (specified in Explanation to section 194LBC(2) 115TCA) Int. payable by an Indian Co. or a BT to a non-corporate NR or foreign co.– - in respect of monies borrowed in FC from sources outside India • Under a loan agrmt b/w 1.7.2012 and 30.6.2024 or • by way of issue of long-term infrastructure bonds … WebMay 4, 2024 · The amount of this registration will vary depending upon the category of AIF. Category I – Rs. 5,00,000 Category II – Rs. 10,00,000 Category III– Rs. 15,00,000: The validity of Registration: The registration is valid for three years. And the registration is required to be renewed at least 3 months before its expiry.

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WebNov 3, 2024 · Typically, these are structured as trusts and the laws governing taxability of trusts are used for determining taxability of Category III AIFs and their investors. … WebMay 24, 2024 · In the light of the above, here is a checklist of key compliances applicable to a Category I/II AIF. It is worthwhile to note that the deadlines for various compliances … gough tanks townsville

Category-III AIF – Case studies on exemption and taxability

Webdivide the Alternative Investment Funds ('AIFs') into three broad categories - Category-I, Category-II and Category-III Alternative Investment Funds, depending upon the … WebJul 22, 2024 · SEBI stated that the nature of each scheme launched by the AIF is to be in accordance with the category / sub-category of the AIF. 1. It was unclear whether SEBI … WebSponsor contribution • Category I / II AIF –Lower of 2.5% of corpus of USD 750k • Category III AIF - Lower of 5% of corpus of USD 1.5 million • Sponsor contribution by Indian entities … gough technologies

Tax Implications on Alternate Investment Fund (CAT I & CAT II) …

Alternative Investment Fund: Category II vs Category III

WebJul 5, 2024 · The CBDT has vide Circular No. 14/2024 dated 3rd July 2024 provided important clarification regarding the taxability of income earned by non-resident ... WebBeginning 1 April 2024, #angel #tax provisions will apply to investments received from non-resident #investors #investing into #indian companies. Section… childminder chorleyWebSEBI registered Category I and II AIF, is exempt from tax in the hands of the AIF under Section 10(23FBA) of the Act. Such income shall be taxable directly in the hands of the … childminder complaints

"WebDec 21, 2024 · A. Category I and Category II AIFs are supposed to be close-ended with a minimum tenure of 3 years. However, Category III AIFs have the option to be open-ended … " - Taxability of aif category ii

Taxability of aif category ii

WebApr 14, 2024 · Alternate Investment Fund Registration. Alternative Investment Fund (AIF) is a type of investment fund in India. Investors can use AIF for investing as well as getting … Web2.7.22. Taxability of income from Mutual funds. Following suggestions for taxability of income from mutual funds may be considered:-a) Transfers of units in merger schemes of Mutual Fund should be made tax neutral in the hands of the unit-holders (similar to tax neutrality in the hands of the shareholder upon mergers of companies).

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WebJul 11, 2024 · For a Category II AIF, the sponsor or the manager is required to have a continuing interest of 2.5% of the corpus of the fund or Rs.50 million whichever is lower. …

WebAn authorised investment fund (AIF) is the tax terminology for certain types of regulated and authorised collective investment schemes. The term itself is found in the main piece of … http://www.in.kpmg.com/taxflashnews/KPMG-Flash-News-CBDT-clarifies-that-indirect-transfer-provisions-2.pdf

WebFeb 27, 2024 · The Government notifies the uniform GST rate used lotteries at 28%. The GST for lotteries must be under cover of a tax invoice. WebJan 24, 2024 · Section 115UB– Taxation of income of Investment funds- Clarity required on taxation of Category III AIF. Issue/Justification. Several Category I and II Alternative …

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WebMay 22, 2024 · The inclusion of AIF units under the definition of securities has a ripple effect on taxation of Category I and II AIFs units in the hands of the unitholder, when they are … gough tanksWebApr 3, 2024 · 03 April 2024. We have one of our client being AIF Fund registered under SEBI regulations as Category III and is formed as an irrevocable determinate investment trust under the Indian Trust Act, 1882. Pl advise us the tax liability at the Fund level for the following income earned by such AIF Fund along with the section details if possible: gough tennisWebDec 24, 2024 · Introduction. The Securities and Exchange Board of India (“SEBI”) has issued an interpretative letter in response to certain queries raised by a fund registered as a … childminder complaints formWebregistered with the Securities and Exchange Board of India (SEBI) as a Category I or a Category II Alternative Investment Fund (AIF) is accorded tax pass through status, i.e., … childminder cleaning scheduleWebJul 24, 2024 · As Section 115 UB(I) of the Act provides that the investments made by Category I or Category II AIFs are deemed to have been made by the investor directly, it is hereby clarified that any income in the hands of the non-resident investor from off-shore investments routed through the Category I or Category II AIF, being a deemed direct … gough thomas and scott ellesmereWebUntitled - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. childminder claiming expensesWebNov 11, 2024 · For CAT I & CAT II, there is a pass-through status. Category III AIFs have not yet been accorded a Pass-through status. Tax implications on CAT I and CAT II AIF. … childminder complaints procedure