Himachal Pradesh CM Sukhvinder Singh Sukhu received a suicide bomb threat via email ahead of Republic Day. Investiagtion underway in the matter. Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu received a death threat on Wednesday ahead of Republic Day
US President Donald Trump on Wednesday mocked French President Emmanuel Macron for wearing sunglasses indoors during his address at the World Economic Forum (WEF) in Davos, Switzerland. While speaking at the forum, the American leader said, “Emmanuel Macron
Yoane Wissa does not have to look too far for inspiration. Alan Shearer, Jackie Milburn, Andy Cole, Malcolm Macdonald and Les Ferdinand are just some of the prolific strikers who have worn Newcastle United's iconic number nine shirt. Wissa is the latest in a long line to inherit it
AIMIM Corporator Sahar Shaikh issued a clarification over her controversial “paint Mumbra green" remark, which sparked a furore, saying it was being wrongly given a communal colour and was intended purely in a political sense. The 22-year-old first-time corporator said that she only spoke
Arne Slot has good memories in Marseille. It was here in 2022 when his Feyenoord side held on to secure a place in the Europa Conference League final. On the eve of this week's game in the bowels of the Stade Velodrome, he was asked about those memories
The IPL 2026 is expected to get underway from March 26, but the schedule hasn't been decided yet. The IPL 2026 season is expected to get underway on March 26, with the final scheduled for May 31, although the complete fixture list is yet to be finalised
Private equity-backed digital engineering services (DES) firms have accelerated their shift towards higher valuations driven by acquisitions, according to a new report from Avendus Capital, estimating the number of companies with $100 million in revenue, currently around 100
For more than a decade, Tejinder Singh Virk, a farmer in Uttarakhand's Udham Singh Nagar district, had been planting paddy twice in the year. First, in February, he would grow saplings in his nursery for about 25 days, before transplanting them to his 20-acre farm adjacent to it
ARCs seek pass-through for alternative investment funds' security receipts income
Asset reconstruction companies (ARCs) are on the frontlines, lobbying for a pass-through tax designation for alternative investment funds (AIFs) that invest in security receipts (SRs). They believe the current tax bracket of 42.74% is stifling potential investors, proposing instead that SR income be taxed directly in the hands of the end investors.
Mumbai: Asset reconstruction companies (ARCs) have urged the government to extend pass-through tax status to alternative investment funds (AIFs) investing in security receipts (SRs), seeking relief from the steep 42.74% maximum marginal tax currently levied on such income.
In a November 26 budget representation to finance minister Nirmala Sitharaman, ARCs argued that profits from SR investments should be taxed directly in the hands of end investors-at their respective tax rates-rather than at the fund level.
"The possibility of a 42.74% tax at the AIF level is a deterrent for this investment to flow into ARC trusts," according to the letter, a copy of which was seen by ET. "Large pools of capital are required for large resolutions by ARCs. Hence, a pass-through regime for AIF income from investment in SRs issued by an ARC trust is critical to the success of a competitive market for these NPAs."
Budget request Say taxing profit at the fund level is hurting money flow into their trusts
ARCs have requested that, similar to investment income, the entire income earned by an AIF from SRs issued by ARC trusts be treated as pass-through and taxed in the hands of AIF investors.
Given the ambiguity surrounding tax treatment for foreign investors in ARC-issued SRs, ARCs have also sought clearer guidelines on the applicable tax rate for FPIs investing in such instruments.
A committee set up by the Reserve Bank of India had earlier recommended aligning income from SRs with those from other securities such as government securities and corporate bonds.
ARCs have further urged the government to extend the existing 5% concessional tax rate-currently applicable to FPIs and other non-residents on government securities, corporate bonds, and ECBs-to interest income earned by FPIs from SR investments. They have also sought clarification that any upside categorised as business income be taxed at 20%, consistent with the treatment of securities income under Section 115AD of the Income Tax Act.
"For giving exit to existing seller-investor like banks and improved liquidity in distressed debt paper, flow from AIFs and FPIs, which possess requisite risk capital and appetite, is an essential requirement for development of a vibrant market," said Hari Hara Mishra, CEO, Association of ARCs in India. "A tax-friendly regime will be a great enabler."
Add as a Reliable and Trusted News Source Add Now!
Source: EconomicTimes
Related Posts: World’s Most Valuable Asset CEOs of 200 Japanese companies to miss Beijing trip Pakistan Expands United States Lobbying Through Think Tanks BSE Resolves 109 Investor Complaints Against 92 Companies In December Closely monitor asset quality Commodities Outperform Key Asset Classes In India China curbs rare earth exports to Japanese companies after dual-use ban Mixed Q3 awaits Indian ER&D companies navigating auto sector headwinds Tech companies must address impact on natural resources Shivakumar Swaps Davos Summit For Political Frontlines As Congress Stresses On Winning Assam Polls
During a fan interaction event, a lifelong RCB supporter asked Mahendra Singh Dhoni about the historic triumph and how he felt witnessing it. Royal Challengers Bengaluru finally ended their long wait by winning their maiden IPL title after 18 years
58 minutes ago
Remember Dhoom Actress Rimi Sen: After successful Bigg Boss stint, she also did dance celebrity reality show, Jhalak Dikhhla Jaa 9 as a wild card entrant. Meet Actress Rimi Sen: Social media is a abuzz with latest update about none other than actress Rimi Sen. Remember the Dhoom star
59 minutes ago
Donald Trump voiced confidence in an India-US trade deal, praising Narendra Modi, as officials signal progress despite tariff tensions, conflicting claims, and ongoing negotiations over a bilateral trade agreement talks. US President Donald Trump on Wednesday expressed full confidence over the
59 minutes ago
Abhishek Sharma's explosive 84 powered India to a 48-run victory over New Zealand in the first T20I. Sharma's blistering 35-ball innings, featuring eight sixes, set a formidable target of 238. Despite Glenn Phillips' rapid 78, New Zealand fell short, finishing at 190-7
59 minutes ago
![Bengaluru (Karnataka) [India], January 22 (ANI): Defending champions Royal Challengers Bengaluru have kept their doors open to play their home Indian Premier](http://newsorbit360.com/files/news/en/imgs/chinnaswamy-in-line-to-host-royal-challengers-bengalurus-home-games-du.webp?height=520)
Bengaluru (Karnataka) [India], January 22 (ANI): Defending champions Royal Challengers Bengaluru have kept their doors open to play their home Indian Premier League (IPL) 2026 matches at the M. Chinnaswamy Stadium, according to ESPNcricinfo on Wednesday.Bengaluru (Karnataka) [India]
59 minutes ago
Kerala Chief Minister Pinarayi Vijayan on Wednesday said that India must not accept the United States' invitation to join its proposed Board of Peace, which Washington has described as a global initiative to resolve conflicts, initially focusing on Gaza
59 minutes ago
SIR in Bengal: The Election Commission (EC) has sought a report from the West Bengal chief secretary within 72 hours on action taken against four state government officials accused of illegally adding names to voter lists in two districts, a senior official of the poll body told news agency PTI
59 minutes ago
Take a look inside the first Vande Bharat Sleeper train on the Howrah-Kamakhya route. Watch the viral video of the 1AC "Smart Glass" and learn why passengers are debating "civic sense" after new clips show littering onboard. Vande Bharat, whose name has long been associated with luxury during the
59 minutes ago
India is set to implement the SHANTI Act and its accompanying rulebook for nuclear energy within three months, aiming to transform the sector by opening it to private and non-government entities. Minister Jitendra Singh highlighted growing international interest, including from the US
59 minutes ago
The 2026-27 Union Budget is set to be presented in Parliament at a time when the global order faces serious instability since the Second World War. Rising military risks and security threats have pushed defence preparedness and self-reliance to the centre of India's priorities
59 minutes ago
CEOs express more confidence in their own companies than the global economy, despite a dip in overall sentiment due to geopolitical and economic uncertainty. Leaders are prioritizing internal improvements, innovation, and technology adoption, particularly AI
59 minutes ago
Mumbai's Atal Setu: What is the toll relief? How much is the discount and for which vehicles? What are the toll rates? What is the plan for NMIA-Coastal Road link? All details A day after the Brihanmumbai Municipal Corporation (BMC) election results were announced
59 minutes ago
Union Minister of State for Social Justice and Empowerment Ramdas Athawale on Wednesday suggested that Kerala Chief Minister Pinarayi Vijayan join the BJP-led National Democratic Alliance (NDA) ahead of the state Assembly elections. Athawale said the move would be “revolutionary" and could
59 minutes ago
Digital payments company PhonePe filed an updated draft red herring prospectus (UDRHP) on Wednesday. According to a Reuters report citing the fresh IPO papers, US retail giant Walmart plans to pare its holding in PhonePe by around 12% through the Indian payments firm's much-anticipated initial
59 minutes ago
From the outside, the vacant shop on the corner of a busy avenue in central Sydney looks abandoned. Plastic sheeting is taped across all the windows and there's a large padlock hanging on the door handle. Step inside, though, and you're greeted by cuddly toys, candles
59 minutes ago
Greenland's government unveiled a new brochure on Wednesday offering advice to the population in the event of a "crisis" in the territory, which US President Donald Trump has repeatedly vowed to seize from ally Denmark. The US president said Wednesday in Davos that he "won't use force" to take the
59 minutes ago
CMAT Admit Card 2026 Out: The National Testing Agency has released the CMAT 2026 admit card today, January 21, 2026. The hall ticket will be released on the CMAT-NTA website at exams.nta.ac.in/CMAT. Candidates will be able to download it by logging through their registration number and date of
59 minutes ago
David Rubenstein, a private equity veteran, shares insights on Donald Trump's business policies and their effect on the US economy. He highlights that expected recession and inflation have not materialized. Rubenstein expresses optimism about India's economic rise in the coming decades
59 minutes ago
United States President Donald Trump on Wednesday said that the US would not use force to take control of Greenland, but reiterated his demand that Washington be given “ownership” of the Danish territory. “We probably won't get anything unless I decide to use excessive strength
59 minutes ago
A retired BMC official was duped of ₹16.50 lakh in a digital arrest scam. One of the fraudster posed himself as Ex-NIA chief Sadanand Date. A 75-year-old retired Brihanmumbai Municipal Corporation (BMC) official was allegedly cheated of ₹16
59 minutes ago
NATO Secretary-General Mark Rutte has said that the question of whether Greenland would remain part of the Kingdom of Denmark did not arise in his discussions with Donald Trump on the sidelines of the World Economic Forum (WEF) 2026 in Davos
59 minutes ago
Quote of The Day By Rabindranath Tagore: Tagore was known by the sobriquets Gurudev, Kobiguru, and Biswokobi. He has written the national anthems of India and Bangladesh. Quote Of The Day: The legendary poet, writer, playwright, composer of the Bengal Renaissance period- Rabindranath Tagore is the
59 minutes ago
After a disappointing Ashes campaign in Australia, England will start afresh when they take on Sri Lanka in a white-ball series, starting on Thursday. Sri Lanka will host England in three ODIs and as many as T20Is which serve as a final leg of preparation for the T20 World Cup 2026
59 minutes ago
Premier League giants Liverpool romped their way to a 3-0 win over Marseille at the Orange Velodrome on Thursday in the UEFA Champions League encounter against the French outfit. Dominic Szoboszlai, Cody Gako and an own goal by Geronimo Rulli completed a resounding win over Arne Slot's Reds from
59 minutes ago
The Oscar nominations will be announced later, with Leonardo DiCaprio's politically-charged thriller One Battle After Another expected to lead the field. Marty Supreme, Frankenstein, Sentimental Value, Bugonia and The Secret Agent are also expected to perform strongly when the shortlists are
59 minutes ago
The 50 is an upcoming Indian reality series based on the popular French format Les Cinquante. It is scheduled to premiere on February 1, 2026. Mumbai: Ahead of its premiere, the makers of the upcoming reality show The 50 have revealed key details about the show's rules, format
59 minutes ago
The Bharatiya Janata Party is promoting young leaders across its organization. New age limits are being set for national and state youth wing chiefs. This move aligns with the new party president Nitin Nabin's age profile. The party is also preparing for upcoming state elections
59 minutes ago
