Scope of asset taxation narrowed: investments held through specified foreign portfolio investors are excluded from the Explanation's application. The amendment excludes from the Explanation to section 9(1)(i) assets or capital assets held by a non resident through investment in a Foreign Institutional Investor for the earlier assessment period, and from a later effective date excludes assets held through Category I or II foreign portfolio investors under the post 2014 foreign portfolio investor regulatory framework, thereby limiting the Explanation's application according to investor classification and specified effective periods.