https://www.taxtmi.com/acts?id=23515 The Bill inserts a clarificatory Explanation excluding from the deeming rule an asset or capital asset held by a non-resident by way of investment, directly or indirectly, in a Foreign Institutional Investor registered as Category I or Category II foreign portfolio investor under applicable securities regulations, thereby preventing such holdings from being treated as situated in India for the purposes of the deeming provision. en-us Wed, 01 Feb 2017 17:41:24 +0530 Wed, 01 Feb 2017 17:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=23515 The Bill inserts a clarificatory Explanation excluding from the deeming rule an asset or capital asset held by a non-resident by way of investment, directly or indirectly, in a Foreign Institutional Investor registered as Category I or Category II foreign portfolio investor under applicable securities regulations, thereby preventing such holdings from being treated as situated in India for the purposes of the deeming provision. Act-Rules Bill Wed, 01 Feb 2017 17:41:24 +0530 https://www.taxtmi.com/acts?id=23515