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<h1>Finance Act 2017 amends Income-tax Act Section 9, exempts certain foreign investments from April 2012 to April 2015.</h1> Section 9 of the Income-tax Act was amended by the Finance Act, 2017, affecting sub-section (1), clause (i), in Explanation 5. A proviso was added, effective from April 1, 2012, exempting assets held by non-residents as investments in Foreign Institutional Investors for assessment years starting from April 1, 2012, to April 1, 2015. Another proviso, effective from April 1, 2015, exempts assets held by non-residents as investments in Category-I or Category-II foreign portfolio investors under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014.