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CII seeks tax reforms for investment trusts

Union Budget needs to focus on stability and certainty in taxation

New Delhi: Pitching for reforms in tax rules for investment trusts, industry body CII today said the Union Budget should focus on stability and certainty in taxation for growth of these entities.

The first full budget of the new government should consider reforming taxation rules for effective functioning of Alternative Investment Funds (AIFs), Securitisation Trusts and Asset Reconstruction Companies (ARCs) Trusts, CII said in a press release.

( Source : PTI )
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