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NO TDS: FUND OF FUNDS

Published on Wed, Jul 08,2015 | 15:43, Updated at Wed, Jul 08 at 15:43Source : Moneycontrol.com 

The Central Board of Direct Taxes (CBDT) has vide a recent Notification1 exempted Alternative Investment Funds (AIFs) from the obligation to deduct tax at source (TDS) at a rate of 10% from distributions made to fund of funds (FoFs) registered as AIFs.

This Khaitan alert summarises the changes and the impact…

Attachments : NowithholdingtaxKCOERGONewsflash.pdf
 
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