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Ifsc Aif

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Foreigners no longer need PAN for investment in GIFT AIFs

The government has been in discussions to promote such international financial services centres within India as alternatives to places like Singapore. IMAGE: The Interational Financial Services......

Budget sops may lure Mauritius funds to Gift City

As per the Budget proposals, migration of a fund to a fund in IFSC will not be regarded as transfer if done on or before March 31, 2023. Transfer of units will be tax neutral. Grandfathered......

FPIs get relief as dividend tax kept at par with treaty rates

'Rationalising TDS on dividends for FPIs to reduce it to treaty rates ranging from 5 to 15 per cent, depending on the country of residence of FPIs from current rate of 20 per cent will provide a......

Foreign investors get tax relief for AIF investment

Alternative Investment Fund refers to any fund established or incorporated in India which is a privately pooled investment vehicle that collects funds from sophisticated investors, whether Indian......

Dividend tax only on dividend income above Rs 10 lakh

This amendment will be effective for the assessment year 2017-18 and subsequent assessment years. The new 10 per cent dividend tax will be payable only on dividend income over and above Rs 10 lakh......

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