https://www.taxtmi.com/news?id=13030 The Bill provides that securities acquired by foreign portfolio investors in accordance with applicable securities regulations shall be treated as capital assets, so that income arising from their transfer by such investors is characterised as capital gain rather than business income; the amendment applies prospectively from the implementation date and to subsequent assessment years. en-us Sun, 13 Jul 2014 16:21:00 +0530 Sun, 13 Jul 2014 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13030 The Bill provides that securities acquired by foreign portfolio investors in accordance with applicable securities regulations shall be treated as capital assets, so that income arising from their transfer by such investors is characterised as capital gain rather than business income; the amendment applies prospectively from the implementation date and to subsequent assessment years. News - Sun, 13 Jul 2014 16:21:00 +0530 https://www.taxtmi.com/news?id=13030