TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2017 amends section 9 of Income-tax Act; clarifies tax rules for foreign institutional investors.</h1> Clause 4 of the Finance Bill, 2017, amends section 9 of the Income-tax Act concerning income deemed to accrue or arise in India. It introduces Explanation 5A to clarify that Explanation 5 does not apply to assets held by non-residents as investments in Foreign Institutional Investors registered as Category-I or Category-II foreign portfolio investors under the Securities and Exchange Board of India Regulations, 2014. This clarification is retroactively effective from April 1, 2012, applicable from the assessment year 2012-2013 onwards, ensuring certain foreign investments are not deemed situated in India for tax purposes.
TaxTMI 
TaxTMI 
