Budget 2017: PE, VC funds seek tax parity between public, private markets

The present tax provisions incentivise public market investments more than private investments

Private equity and venture capital investors want the coming Union Budget to address their concerns over the tax provisions incentivising the public market investments over private investments.

 
Alternate Investment Funds (AIFs) have invested around $130 billion since 2001 in India and can provide a strong long-term equity and short-term capital requirement for more than eight per cent economic growth, say industry players.
 
They say that people are incentivised to invest in public market. For instance, capital gains tax on investments in publicly listed companies is levied at zero per cent if held for over a year, and