Taxation laws amendment bill: Government proposes simplified exemption framework for offshore funds

← All compliance updates

A bill will soon simplify offshore investment fund rules. This aims to attract more foreign capital into India. Tax exemptions will be offered for global income of funds. Foreign companies storing electronic components will also get exemptions. These measures will boost India's position as an investment hub.

Source: The Economic Times

Questions about how this affects your business? Speak with a PJRJ partner.