Below the Pre-Budget Expectation on Banking Sectors, Alternative Investment Funds, by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
"1. Parity in tax across all categories
In the Finance Act, 2015, a special tax regime was introduced where pass-through status was granted to Category I and Category II Alternative Investment Funds (AIFs). This resulted in shifting the payment of tax obligation on the income earned b...
Pre-Budget Expectation on Banking Sectors, Alternative Investment Funds by Manoj Purohit, Partner & Leader, Financial Services Tax, Tax & Regulatory Services, BDO India
As the Centre is set to present the Union Budget 2024-2025 on July 23, stock market experts bet big on four key sectors -- capital goods, defence, electronics system design and manufacturing (ESDM) and Tourism.
The market anticipates a continuation of last year's incentives, maintaining the status quo. A continued focus on infrastructure, including roads, railways, ports, airport expansions, defence, and tourism, is vital.
In the past week, Nifty has recorded a slight gain of ...
Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism