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of <h1>India Fast-Tracks Tax Exemption Claims for FIIs Under DTAAs, Aiming for One-Month Resolution Timeframe.</h1> The Central Board of Direct Taxes has issued instructions to expedite the processing of claims by Foreign Institutional Investors (FIIs) seeking tax exemptions under Double Taxation Avoidance Agreements (DTAAs) with India. These claims, related to income from securities transactions, should be resolved within one month of filing. This directive aims to ensure timely decision-making and compliance across all relevant tax authorities. The communication is addressed to all Principal Chief Commissioners of Income Tax for immediate implementation and awareness among concerned parties.
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