Redemption of Units in AIF Category 3
This query is : Resolved
10 July 2024
Redemption of Units in AIF Cat 3. I have redeemed 2 AIF after holding them for period of 9 months & 16 months. How Gains on above redemptions will be treated & taxed???
10 July 2024
Income from Category III AIFs is tax-free at the investor’s level because these AIFs are not granted a pass-through status, meaning that the fund is responsible for paying the tax.
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10 July 2024
Understood. But what about amount received in excess of investment amount. Suppose invested Rs 1 Cr and at time of redemption received 1.25 Crs. I want to understood how 0.25 Crs will be accounted and in ITR whether to show above figure or not
10 July 2024
Declare it under Exempted income.
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10 July 2024
Thank you for the quick response
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10 July 2024
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25 August 2024
You are welcome.
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