Tax exemption under ECIIP Scheme limited to EEC investments from ECIIP funds; exclusions for foreign investor and partner equity. Paragraph 7 grants a tax exemption to the EEC only for investments made out of ECIIP funds when used by the EEC through partner institutions as seed ... Summary
Tax exemption under ECIIP Scheme limited to EEC investments from ECIIP funds; exclusions for foreign investor and partner equity.
Paragraph 7 grants a tax exemption to the EEC only for investments made out of ECIIP funds when used by the EEC through partner institutions as seed capital to promote industrial enterprises with European investors in India; the exemption covers income-tax on dividends, interest and capital gains on disinvestment but does not apply to equity held by foreign investors from EEC member countries or to equity held by ECIIP partner institutions from their own funds.
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