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Taxation on exits of Private Equity fund managers

In a recent move, the government sent notices to major Private Equity (PE) fund managers working in India seeking details of their income and assets abroad. Through this, the Revenue Department functioning under the Ministry of Finance is seeking to analyse the profit share received by the fund managers on the ‘exit’ of their investments. These ‘exit profits’ are said to reach

Govt To Tax PE Fund Managers On Profits Made On Exits: Report

India’s Income Tax Department sent notices to major PE fund managers working in India about their assets abroad to tax them accordingly.

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