Alternative investment funds: PE-VCs look for clarity on taxation

Further, the industry body requested that pass-through character permitted to AIFs should be across incomes, losses and expenses instead of restricting it to only incomes/losses. "We (AIFs) are perhaps the only asset class where expenses are not tax deductible, and it is fair to re-evaluate that," Gopal Srinivasan, founder, TVS Capital and senior board member, IVCA, told TOI.

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