Hedge Fund Tax Rule Sought by India Regulator Would Boost Demand
- Sebi is said to propose new tax system for hedge funds
- Unfavorable levies have stunted the industry’s growth
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India’s market regulator has recommended new tax rules for alternative investment products that would boost the country’s fledgling hedge fund industry.
The Securities and Exchange Board of India is seeking “unit-based” taxation for products broadly classified as hedge funds as part of its proposals for the federal budget due on Feb. 1, said people familiar with the matter, who asked not to be identified because the proposals are confidential.