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

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