https://www.taxtmi.com/circulars?id=61686 Income of a non resident investor from offshore investments routed through a Category I or Category II AIF is deemed to be a direct investment by the investor under section 115UB and, therefore, is not taxable in India under section 5(2). Losses from such offshore investments are exempt and cannot be set off or carried forward against the income of the Category I or Category II AIF. en-us Wed, 03 Jul 2019 00:00:00 +0530 Thu, 04 Jul 2019 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61686 Income of a non resident investor from offshore investments routed through a Category I or Category II AIF is deemed to be a direct investment by the investor under section 115UB and, therefore, is not taxable in India under section 5(2). Losses from such offshore investments are exempt and cannot be set off or carried forward against the income of the Category I or Category II AIF. Circulars Income Tax Wed, 03 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61686