›Tax ruling: PE, VC funds rush to tax experts to assess indirect tax impact on their past investment
Tax ruling: PE, VC funds rush to tax experts to assess indirect tax impact on their past investment
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Tax ruling: PE, VC funds rush to tax experts to assess indirect tax impact on their past investmentBy
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ET had first reported on July 6 that a tax tribunal has held that indirect taxes are applicable on expenses incurred by venture capital, private equity and mutual fund firms, even under the trust structure. This means expenses such as ‘carry fees’, legal fees and salaries incurred by a fund that is held in a trust structure could face indirect tax.
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