https://www.taxtmi.com/forum/issue?id=108115 Global Depository Receipts taxation will be narrowed by amending the definition to instruments issued by an overseas depository against ordinary shares of an issuing company listed on a recognised stock exchange in India or against foreign currency convertible bonds. This confines tax-favourable treatment to the class of GDRs contemplated under the earlier, limited depository regime and excludes the broader categories permitted under the newer Depository Receipts framework, thereby restricting eligibility for the Act's benefits to the redefined GDRs. en-us Sat, 28 Feb 2015 20:03:37 +0530 Thu, 23 Jan 2025 15:57:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108115 Global Depository Receipts taxation will be narrowed by amending the definition to instruments issued by an overseas depository against ordinary shares of an issuing company listed on a recognised stock exchange in India or against foreign currency convertible bonds. This confines tax-favourable treatment to the class of GDRs contemplated under the earlier, limited depository regime and excludes the broader categories permitted under the newer Depository Receipts framework, thereby restricting eligibility for the Act's benefits to the redefined GDRs. Discussion-Forum Income Tax Sat, 28 Feb 2015 20:03:37 +0530 https://www.taxtmi.com/forum/issue?id=108115