News & Media 25th Jun 2024
During a recent pre-budget consultation meeting with the government, the Indian Private Equity and Venture Capital Association (IVCA) proposed that Alternative Investment Funds (AIFs) should be granted tax parity with Foreign Portfolio Investors (FPIs). This tax parity is necessary because FPIs benefit from lower tax rates under Double Tax Avoidance Agreement (DTAA).
In this context, our Partner Dipesh Jain talks to moneycontrol.com in the article “Budget 2024: AIFs seek tax parity with FPIs” and shares his views on the same issue. The article also talks about foreign investors who wish to invest in Indian AIFs should also benefit from similarly reduced tax rates to make investments more attractive.