Tax exemptions for specified foreign entities: qualifying funds and investors can receive fully exempt Indian-source income under prescribed conditions. Exemptions designate categories of specified foreign entities and non residents whose income from interest, dividends and capital gains in India is fully exempt when statutory conditions are met. Exemptions apply to specified funds and unit holders, to funds investing in qualifying infrastructure or business entities and to certain investor identities such as wholly owned subsidiaries of the Abu Dhabi Investment Authority, sovereign wealth funds and pension funds. Capital gains arising on transfer of shares in India on intra fund relocation are fully exempt where such gains would not have been chargeable but for the relocation.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax exemptions for specified foreign entities: qualifying funds and investors can receive fully exempt Indian-source income under prescribed conditions.
Exemptions designate categories of specified foreign entities and non residents whose income from interest, dividends and capital gains in India is fully exempt when statutory conditions are met. Exemptions apply to specified funds and unit holders, to funds investing in qualifying infrastructure or business entities and to certain investor identities such as wholly owned subsidiaries of the Abu Dhabi Investment Authority, sovereign wealth funds and pension funds. Capital gains arising on transfer of shares in India on intra fund relocation are fully exempt where such gains would not have been chargeable but for the relocation.
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