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Lower taxes may help home-grown hedge funds attract corporate money

An additional layer of taxes has been removed for companies opting to come under the new corporation regime

Sachin P Mampatta  |  Mumbai 

The recent cut in corporation tax rates could help open a door to more capital for the beleaguered domestic hedge fund industry.

Companies under the minimum alternate tax (MAT) regime earlier had to pay a tax on gains on investments in such hedge funds. Those shifting to the lower non-MAT regime would no longer have to pay this additional tax on gains through investment in such funds, potentially making it a more attractive route for corporate capital, according to experts. “The new tax regime has removed the MAT hurdle for companies that would have invested in category-III ...

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First Published: Thu, October 24 2019. 14:11 IST
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