Tax Alert – CBDT relaxes eligibility conditions for certain offshore funds to avail the safe harbour from taxability in India July 14, 2020
Published in: Alerts
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Central Board of Direct Taxes has notified that the conditions to avail the safe harbour under section 9A of the Income Tax Act, 1961 shall not be applicable in case of an investment fund set up by a Category-I foreign portfolio investor (FPI) registered under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
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