Government proposes to ease tax-relief conditions for offshore funds
The Government proposed to ease the conditions for tax relief available to offshore funds through a Bill that has been circulated among Members of Parliament. The Bill is expected to be introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman, and is aimed at making India a more attractive base for offshore fund managers.
Nabka Insight
Changes to offshore-fund taxation and the minister responsible are examinable in economy.
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- The Bill eases tax-relief conditions for offshore funds.
- To be introduced in the Lok Sabha by FM Nirmala Sitharaman.
Background
Relevant forSSC · State PSC · UPSC