Page 2 - Aif Industry
Narayana Murthy panel pitches for friendly tax regime for AIFs
Sebi's expert panel has pitched for friendly tax regime and greater participation through the International Financial Services Centre (IFSC) for the alternative investment fund (AIF) industry. The Alternative Investment Policy Advisory Committee (AIPAC), headed by Narayana Murthy, founder of Infosys and has 24 other members, representing Sebi, Reserve Bank of India, government and the industry, has proposed five per cent good and services tax (GST) rate for services availed by the industry. It has also called for more tax-breaks, pass-through status and offsetting of losses. Further, it devised a framework for AIFs to operate on a big scale at the IFSC.The panel submitted its third report in November which was made public on Friday. The committee was constituted in 2015.The panel has proposed that AIFs domiciled at IFSCs shall be permitted to invest outside India freely, without requiring any regulatory approvals from Sebi or the RBI. Currently, there are investment caps and other ...
 "Narayana Murthy panel pitches for friendly tax regime for AIFs")
AIF industry bats for tax parity with mutual funds
Industry players want clarity on GST on management fees and expenses to be borne by foreign investors of domestic AIFs
 "AIF industry bats for tax parity with mutual funds")
