AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Parity in tax treatment of all three categories of Foreign Portfolio
Investors Background • Section 9 of the
Act deals with cases of income which are deemed to accrue or arise in India.
Sub-section (1) …
Safe Harbour for investment management activities of Offshore funds in India AMFI BUDGET PROPOSALS 2018-19
AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Safe Harbour for investment
management activities of Offshore funds in India Section 9A of the Income-tax
Act, 1961 prescribes 13 conditions that need to be fulfilled by the offshore
fund, and 4 condit…
BUDGET 2018-19 AMFI PROPOSAL Securitisation Trust
AMFI- Association of Mutual Funds in India BUDGET
PROPOSAL FOR FY 2018-19 Securitisation Trust Background • The Finance Act
2013 rolled out a special taxation regime to facilitate the securitization
process, in respect of income of securitization entities set up as a “Trust” f…
Compliance under Sec.195(6) of the Income Tax Act, 1961 and Rule 37BB of the Income Tax Rules, 1962 AMFI BUDGET PROPOSALS 2018-19
AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Compliance under Sec.195(6)
of the Income Tax Act, 1961 and Rule
37BB of the Income Tax Rules, 1962 Background As per Section 195(6), a person
responsible for paying any sum to a non-resident individua…
Threshold Limit in Equity Oriented Mutual Fund schemes to be lowered from 65% to 50% AMFI BUDGET PROPOSALS 2018-19
AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Threshold Limit in Equity
Oriented Mutual Fund schemes to be lowered from 65% to 50% Background As per the Income Tax Act,
1961, an "equity oriented fund" means a fund— i (i) where the
investi…
Rationalisation of tax treatment on Switching of Investments under Mutual Funds v/s ULIPs of Insurance companies AMFI BUDGET PROPOSALS 2018-19
AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Rationalisation of tax
treatment on Switching of Investments under Mutual Funds v/s ULIPs of Insurance
companies Background • Currently, Intra-Scheme
Switch transactions , i.e., switching of investment i…
Rationalisation of Tax treatment of Infrastructure Debt Funds of Mutual Funds and Infrastructure Debt Funds of NBFCs AMFI BUDGET PROPOSALS 2018-19
Rationalisation of Tax
treatment of Infrastructure Debt Funds of Mutual Funds and Infrastructure Debt
Funds of NBFCs AMFI BUDGET PROPOSALS 2018-19 AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Rationalisation of Tax
treatment of Infrastructure Debt F…
Exemption from DDT in respect of Tax-exempt Institutional Investors AMFI BUDGET PROPOSALS 2018-19
AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Exemption from Dividend
Distribution Tax ( DDT) in respect
of Tax-exempt Institutional Investors Background The Finance Act, 2013
introduced a new Section 115TA relating to Tax on Distributed Income by
…
Removal of Double Taxation of STT on Equity Oriented Funds and ETFs AMFI BUDGET PROPOSALS 2018-19
AMFI- Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Removal of Double Taxation
of STT on Equity Oriented Funds and Exchange Traded Funds Background As per current
Tax laws, in respect of Equity Oriented Funds (EOF), the Mutual Funds are
required to pay …
AMFI BUDGET PROPOSALS 2018-19 Definition of Equity Oriented Funds to be expanded to include investment by Fund of Funds Schemes in EOF
AMFI BUDGET PROPOSALS 2018-19 Definition of Equity
Oriented Funds to be expanded to include investment by Fund of Funds Schemes in
EOF AMFI - Association of Mutual Funds in India BUDGET
PROPOSALS FOR FY 2018-19 Definition of Equity
Oriented Funds (EOF) to be expanded to include…
