Uniform tax treatment needed for all pension funds: SEBI

India Infoline News Service | Mumbai |

SEBI has asks corporates to launch their own pension funds and invest a part of it in capital markets.

Capital market regulator SEBI (Securities and Exchange Board of India) is seeking uniform tax treatment for all pension funds, according to a media report.
A uniform tax treatment needs to be followed for retirement related investment products, whether investment is made through mutual funds or through EPFO (Employees' Provident Fund Office), the report added.
SEBI has also sought tax benefits for mutual funds launching pension products, while it has also been suggested that EPFO be allowed to invest part of their over Rs 5 trillion corpus into equities and equity-linked mutual funds, the report further said.
The regulator has also asked corporates to launch their own pension funds and invest a part of it in capital markets.


 

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