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Tax Provisions on Income of Investment Funds and Income Received From such Fund

Income Tax - Direct Tax Code - DTC - By: - esha agrawal - Dated:- 9-6-2016 - Death, taxes and childbirth! There s never any convenient time for any of them. At first instance, readers might think it weird to use these three words namely, death, taxes and childbirth fit into one grid system of words together. But this is where commerce shows it spark. We commerce students acquire the ability to link things with each other and give a meaning to it So as far as these three words are concerned, i ca .....

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e things done. So lets start with the Investment Funds pool resources from the investors and invest in new companies, social ventures and other areas which government considers as socially or economically desirable. Finance Act 2015 came with the concept of Investment Funds Features of new Taxation Rules Income from PGBP of Investment funds shall be taxable in hands of Investment funds. Any income of investment funds other than under the head PGBP shall be exempt in hands of investment funds und .....

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