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<h1>Central Government Lists Recognized Foreign Institutional Investors Under Section 115AD for Taxation Purposes</h1> The Central Government, exercising its powers under section 115AD of the Income-tax Act, 1961, has specified a list of Foreign Institutional Investors (FIIs) that are registered with the Securities and Exchange Board of India (SEBI) and act as sub-accounts of other registered FIIs. This notification, dated March 31, 1995, includes various funds and investment companies from global financial institutions such as The Toronto Dominion Bank, Lloyds Bank, State Bank of India, and others. These entities are recognized for the purposes of section 115AD, which pertains to the taxation of income of FIIs from securities or capital gains.