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of <h1>Central Government Notifies IFSC Securities for Tax Purposes Under Income-tax Act, 1961; Includes Bonds, Funds, and Trusts.</h1> The Central Government, under the Income-tax Act, 1961, has notified certain securities listed on recognized stock exchanges in International Financial Services Centres (IFSCs) for tax purposes. These include foreign currency denominated bonds, units of mutual funds, business trusts, alternative investment funds, bullion depository receipts, investment trusts, schemes, and exchange-traded funds. The notification aligns with regulations from the Securities and Exchange Board of India and the International Financial Services Centres Authority. This notification is effective from April 1, 2020, with subsequent amendments in 2022 and 2023.
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