Bill listed to replace Ordinance exempting FIIs from tax
The government listed a Bill in Parliament to replace an Ordinance issued in June that had exempted foreign institutional investors (FIIs) and the Bank of International Settlements from capital gains tax, and from tax on interest earned on their investments in government securities. The Bill seeks to replace the Ordinance with a law passed by Parliament.
Nabka Insight
Tax relief for FIIs moving from Ordinance to legislation — an economy/polity question.
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- Bill replaces a June 2026 Ordinance
- Exempts FIIs and the Bank of International Settlements
- Relief from capital gains tax and tax on interest
- Applies to investments in government securities
Background
Relevant forBanking · SSC · UPSC