Finance Minister Nirmala Sitharaman proposed a 100% tax exemption for the Sovereign Wealth Fund of foreign governments. “In order to incentivize the investment by the Sovereign Wealth Fund of foreign governments in the priority sectors, I propose to grant 100% tax exemption to their interest, dividend and capital gains income in respect of investment made […]
The post Budget 2020: Proposal for 100% Tax Exemption for Foreign Sovereign Wealth Fund Investments in India. appeared first on Taxscan | Simplifying Tax Laws.
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