Friday, 1 August 2014

CBDT provides clarification on taxability of AIFs having status of non-charitable trusts


The Central Board of Direct taxes has issued Circular no. 13 dated 28 July 2014 to provide clarifications with respect to taxability of Alternative Investments Funds having status of non-charitable trusts.
This alert summarises the salient features of the aforesaid Circular.


http://www.caalley.com/itax14/itCir13.pdf

-

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Mere execution of JDA with developer does not trigger capital gains tax in real estate transactions

  Recently Bangalore ITAT recently delivered an important ruling clarifying that merely executing a Joint Development Agreement (JDA) does n...