Specification of Foreign Institutional Investors: listed SEBI-registered sub-accounts are recognised for purposes of section 115AD tax classification. The Central Government, under the Explanation to section 115AD of the Income-tax Act, specifies named SEBI-registered Foreign Institutional Investors acting as sub-accounts of other registered FIIs. The notification lists each sub-account together with its global custodian details, thereby identifying those entities as recognised for the purposes of the referenced tax provision.
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.
Specification of Foreign Institutional Investors: listed SEBI-registered sub-accounts are recognised for purposes of section 115AD tax classification.
The Central Government, under the Explanation to section 115AD of the Income-tax Act, specifies named SEBI-registered Foreign Institutional Investors acting as sub-accounts of other registered FIIs. The notification lists each sub-account together with its global custodian details, thereby identifying those entities as recognised for the purposes of the referenced tax provision.
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