Round Table + Webinar: Budget 2015 and Re-designing Fund Structures
Tuesday, March 10, 2015
INTRODUCTION
In response to a long-standing demand of the investment funds industry in India, the Finance Minister, in the 2015 Union Budget, has announced the extension of pass through status to Alternative Investment Funds ("AIFs") that are registered with the Securities and Exchange Board of India ("SEBI") as Category I AIFs and Category II AIFs under the SEBI (Alternative Investment Funds) Regulations, 2012. The Finance Bill (No. 26), 2015 has also proposed other changes to the taxation regime for AIFs.
Join us for an interactive Webinar on Tuesday, March 10, 2015 (India time) for insights and analysis of India's 2015 Budget and its impact on taxation of AIFs.
FOCUS AREA
- Proposed taxation regime for AIFs under the Finance Bill (No. 26), 2015:
- Pass through tax treatment for Category I and Category II AIFs;
- Withholding tax of 10% on income distributions to investors other than income characterized as 'profits and gains of business or profession';
- Exemption from TDS on income received by Category I AIFs and Category II AIFs;
- Commercial implications of the proposed pass through regime;
- Impact of the proposed tax regime on structuring of domestic funds.
SPEAKERS
Rajesh Simhan
Richie Sancheti
Adhitya Srinivasan
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