Monday, March 16, 2020

CBDT extends Tax Benefits to Foreign Investors invested in recognized Stock Exchanges of IFSC [Read Notification]

The Central Board of Direct Taxes (CBDT) has extended the tax benefits under section 115AD of the Income-tax Act, 1961 to the ‘Eligible Foreign Investors’ and clarified that they can enjoy the tax benefits for security transactions made on recognized stock exchanges located in IFSC. “A non-resident being an Eligible Foreign Investor which operates in […]

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