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Budget 2021 creates new tax headache for domestic funds

By Ranjani Raghavan

  • 02 Feb 2021
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Budget 2021 creates new tax headache for domestic funds
Credit: Pexels

The Union Budget has introduced amendments in the Securities Contract Regulation Act (SCRA), which defines Alternative Investment Funds (AIFs) for the first time.  However, this has raised concerns of additional tax liabilities for domestic AIFs, specifically in two areas related to gift tax and stamp duty, tax lawyers said.  The Indian Venture ......

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