 "taxes, tax, taxing, audit")
The government is evaluating measures to bring down the tax burden on foreign investors that put money in alternative investment funds (AIFs), which include venture capital (VC) and private equity (PE) domiciled in India. The move follows the report submitted by a panel led by M Damodaran, former chairman of the Securities and Exchange Board of India (Sebi), in December.
Some key proposals include granting “zero-rated or export status” to India-based AIFs having foreign investors, bringing uniformity in taxing “carried interest”, easing norms for employee stock option plans, and aligning capital gains taxes for listed and unlisted securities.
“A
“A
