The Central Board of Direct Taxes vide notification dated 6th May, 2022 has issued the Income-tax Amendment
(Thirteenth Amendment) Rules, 2022. The amendment provides that income accrued or arisen or attributed to, or received by, the specified person, who is a unit holder of an Alternative Investment Fund, out of investment made in that fund, shall be chargeable to income-tax in the same manner as if it were the income accrued or arisen or attributed to, or received by, such person had the investment made by such investment fund been made directly by him.
