a) SDIs (LeaseX, LoanX, BondX, InvoiceX): Investment in SDIs is reflected in the investor’s Demat account with their respective Stock Brokers. The returns are directly credited to the investor’s bank account by the Issuer managing that Securitised Debt Instrument (SDI) after deducting TDS as applicable (currently 25% for individuals and 30% for non individuals). The returns have two components- (a) Principal repayment (tax free in the hands of investor) and (b) Interest payment (to be offered to tax by the investor). The TDS deducted by the Issuer can be adjusted against the tax liability so calculated.
 b) Corporate Bonds: Investments in Corporate Bonds directly reflect in the investor’s Demat account with their respective Stock Brokers. The returns are directly credited to the investor’s bank account by the Issuer of the Corporate Bond after deducting TDS as applicable (currently 10%). All the returns in the form of (a) interest and (b) any profit/loss on sale of bonds is taxable in the hands of the investor as “Income from Other Sources” and "Capital Gains" respectively. Please refer to the statement shared by the Issuer Corporate or your stock broker for details around the same. 
c) Commercial Real Estate: Our partner AIFs like, SiriusOne and Anicut Capital distribute the interest income to the investors after deducting TDS at the applicable rates. Such interest income is taxable in the hands of the investors as a part of their Total Income. When the real-estate asset is sold, Capital Gains will arise in the hands of the investor. Every investor receives a quarterly statement from your AIF partner, SiriusOne or Anicut Capital, regarding your investments and exits if any.
d) Startup Equity: Expected returns are in the form of capital gains at the time of exiting this investment. The said return will be taxable in the investor’s hands as per applicable Income Tax laws in the year in which the exit takes place. Every investor receives a quarterly statement from your AIF partner, SiriusOne or Anicut Capital, regarding your investments and exits if any. 
e) Leasing / Inventory deals: Leasing and Inventory deals were erstwhile executed through an LLP model. Taxation for those products depend on whether you are a post tax investor or a pre tax investor. For post tax investors, the payout is in the form of Return of Capital and Profit and is not taxable in the hands of the investor. For Pretax investors, the returns are in the form of salary income and is taxable under the Head "Salary" in your ITR. The GID shared by us at the year end will include such incomes.

In case your Total Income in any year is less than the threshold limits under the Income Tax rules, you can apply for a lower / nil rate of TDS with the Issuer.
a) Corporate Bonds- you may apply to the Issuer Corporate in the prescribed Form 15G or 15H. You may find the link to those forms in the website of the Issuer.
b) SDIs (LeaseX, LoanX, BondX, InvoiceX)- Investor will have to apply for a Nil / reduced Withholding tax certificate with his Income Tax Assessing Officer in the prescribed Form 13. A brief process is as below - USer calculates their likely Income for the full year -> User applies to Tax Department with their provisional Income statement mentioning the names of the Tax deductor -> Department okays the request within 30 days -> User submits the certificate with the Deductor Trust and the Trust starts deducting TDS at a lower / nil rate. If you have invested in multiple SDI instruments during the year, you will have to include the name of all the Issuer Trusts (as each SDI is managed by a different Trust). Please also note that such certificate once granted, is valid only till the end of the Financial year and you will have to apply for the same next year.

The type of Income Tax Returns to be used depends on a lot of factors including, the legal composition of the Investor (individual, Corporate, LLP or an Trust), an Investor's Total Income, sources and nature of such Income etc. Given the individual nature of such information, we recommend that you seek advice of your tax advisor / Chartered Accountant. 

In case of erstwhile Leasing or Inventory deals on platform, Investors used to become partners in a Limited Liability Partnership (LLP). For those limited set of investors it is mandatory to use ITR 3.

For the Investors in the erstwhile LLP deals, as a partner in a LLP, it is mandatory for you to file income tax returns, even if you are earning post tax returns. While there will be no additional tax liability for your returns from investments via Grip, it is mandatory to disclose all sources of income

The financial year in India begins on the 1st of April and ends on the 31st of March next year. So any income earned/accrued between 1st April to 31st March of the next year, needs to have the income tax returns filed on or before the defined deadlines. For individual investors not requiring tax audit the deadline is generally 31st July while for most other type ofinvestors it is 31st October. We recommend you to consult your tax advisor / Chartered Accountant.

As it is the responsibility of investors to file their own income tax returns, Grip is not authorized to do the ITR filing for investors.

In recent years, the government has released new ITR forms and the instructions to file ITR in the month of June i.e. nearly 2-3 months after the closure of the financial year. Any changes in the ITR form or process can be expected around June.

The decision of filing the ITR should be taken by each and every individual investor. We at Grip will ensure that the process of filing ITR-3 will be as easy as possible by providing you with the Grip Investment Declaration (GID) that reflects your investment via Grip. If this is the only investment that falls under ITR-3, then you can use this to prepare your ITR-3. In case you have other investments, you can use this document in conjunction with the returns from other investments to prepare ITR-3. If you are unsure of filing ITR3 on your own, we recommend that you take professional help to file income tax returns.

There are two types of investment that fall under Incoem Tax Returns:

Quoted Investment (Can be easily accessed from Consolidate Account Statement - CAS) - Examples include SDIs, Corporate Bonds, mutual funds, Govt. bonds and any long term investments in the money market. Income from such instruments are also visible on a User's Form 26AS or Form 16A issued by the Issuer. Such documents are available to the User once they login in the Income Tax website. 

Unquoted investment (Can only be known to an individual) - Anything not quoted is an unquoted investment. Examples include investments made in Startt up Equity, Commercial Real Estate, gold or any other private organizations, Real Estate, Foreign Investments etc. For investments made through Grip platform, we shall share a Grip Investment Declaration (GID) by June 30 of the year. If you have incomes in any of the above categories then you need to include them as part of your Returns in the appropriate categories.

The interest income earned of Corporate Bonds or SDIs (LeaseX, LoanX, BondX, InvoiceX etc) are chargeable to tax and the investor has to disclose them under the correct heading in their ITRs. 

The post tax income that you are earning from LLP deals is not taxable. However, the Pre tax income received from LLPs are chargeable to Tax. In few case, Grip or its associates pay extra interest, IRR or referral to Users. Such amounts are chargeable to tax in the hands of the investors.

No, income tax paid by LLP is not eligible for refund in the hands of investors.

In case of LeaseX transactions, the assets belong to the Originator. In case of asset leasing via LLPs, the assets belong to the LLP’s. 
Any other individual or corporate bodies won’t be able to leverage the depreciation for their tax benefit. The taxes are paid by the LLP after availing the benefit of depreciation on assets, and hence the effective tax on the investor already accounts for the benefit from this depreciation.