The proposal, if approved, would make the country's equity hedge fund investors eligible for capital-gains tax exemptions after one year, Bloomberg said.
The Securities and Exchange Board of India (SEBI) is also seeking a 'pass through' for losses incurred by investors in other alternative investments such as venture capital, real estate and private equity, the report added.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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