Government proposes to ease tax relief conditions for offshore funds
The Government has proposed to ease tax-relief conditions for offshore funds through a Bill circulated among Members of Parliament. Finance Minister Nirmala Sitharaman is expected to introduce the Bill in the Lok Sabha soon. The move is intended to relax the qualifying conditions under which offshore funds can avail of tax benefits in India.
Nabka Insight
A tax Bill easing conditions for offshore funds, to be moved in the Lok Sabha.
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- Bill proposes to ease tax-relief conditions for offshore funds
- Circulated among MPs; to be introduced by FM Nirmala Sitharaman
- To be introduced in the Lok Sabha
Background
Relevant forSSC · State PSC · UPSC