CAPITAL GAINS
AIFs Get Clarity on Tax
The government has clarified that profits earned by ‘Category 1 and ‘Category 2’ alternative investment funds (AIFs) from sale of securities will be treated as capital gains and not business income which is higher. So investors in AIFs will pay capital…
AIFs Get Clarity on Tax
The government has clarified that profits earned by ‘Category 1 and ‘Category 2’ alternative investment funds (AIFs) from sale of securities will be treated as capital gains and not business income which is higher. So investors in AIFs will pay capital…
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