CBDT clarifies differential regime between domestic investors (including AIF category III) and FPIs existed even prior to General Budget 2019 and was not creation of the Finance (No. 2) Act, 2019

CBDT clarifies differential regime between domestic investors (including AIF category III) and FPIs existed even prior to General Budget 2019 and was not creation of the Finance (No. 2) Act, 2019 https://www.taxtmi.com/news?id=21913 Differential taxation applies to income from derivatives: FPIs' derivative income has been treated as capital gains under a special taxation regime, whereas domestic investors including AIF category III and non-FPI foreign investors have historically had derivative income treated as business income taxed at normal income rates; this distinction predated recent budget announcements. en-us Wed, 28 Aug 2019 15:53:55 +0530 Wed, 28 Aug 2019 15:53:55 +0530 TaxTMI RSS Generator CBDT clarifies differential regime between domestic investors (including AIF category III) and FPIs existed even prior to General Budget 2019 and was not creation of the Finance (No. 2) Act, 2019 https://www.taxtmi.com/news?id=21913 Differential taxation applies to income from derivatives: FPIs' derivative income has been treated as capital gains under a special taxation regime, whereas domestic investors including AIF category III and non-FPI foreign investors have historically had derivative income treated as business income taxed at normal income rates; this distinction predated recent budget announcements. News - Wed, 28 Aug 2019 15:53:55 +0530 https://www.taxtmi.com/news?id=21913