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.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZuIaFnT
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