What are tax implications to resident unit holders?
What are tax implications to resident unit holders?
The key tax implications applicable to unit holders based on the relevant provisions under the Income-tax Act, 1961 (‘Act’), the Wealth-tax Act, 1957 and the Finance Act, 2006.
The tax implications of the following income received by the investors are discussed below:
Income on units (other than sale/redemption);
Income on sale/redemption of the units
