Government proposes to ease tax relief conditions for offshore funds
The Government has proposed to ease tax-relief conditions for offshore funds. A Bill on the matter has been circulated among Members of Parliament and is expected to be introduced in the Lok Sabha by Finance Minister Nirmala Sitharaman, signalling a move to make India a more attractive base for such funds.
Nabka Insight
A proposed change to the tax treatment of offshore funds.
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- Government proposes to ease tax-relief conditions for offshore funds.
- A Bill has been circulated among Members of Parliament.
- It is expected to be introduced in the Lok Sabha by FM Nirmala Sitharaman.
Background
Relevant forSSC · State PSC · UPSC