WebMar 19, 2016 · This is provided in new section 115UB (1). (2) The Scheme provides for exemption under section 10 (23FBA) of income, other than income from profits and gains of business, in the hands of investment fund. The income in the nature of profits and gains of business or profession shall be taxable in the hands of the investment fund.
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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 was referring to ‘open-ended’ and ‘close-ended’ as sub-categories. However, in August, 2024, SEBI amended Regulation 13 (3) of the AIF Regulations to specify that schemes of ... WebOct 16, 2024 · In the June 2024 quarter, they distributed ₹5.64, ₹4.60 and ₹6 per unit, respectively of which 80 per cent, 92 per cent and 24 per cent was tax-free in the hands of … rocket bobber panfish series
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WebMar 27, 2024 · Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app. Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006. WebApr 27, 2024 · About Infrastructure Investment Trust (InvIT): It is a collective investment scheme similar to a mutual fund, which enables direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return.; InvITs can be treated as the modified version of REITs (real estate investment … WebAny distributed income, referred to in section 115UA, received by a unit holder from the business trust is exempt in the hands of the unit holder under Section 10 (23FD). Example, The income of Rs. 20,000 received on 25/10/2024 and Rs. 23,000 received on 16/11/2024 is exempt in the hands of Mr. Tarun. 2. rocket boats thames