https://www.taxtmi.com/acts?id=39328 Amendments to section 10 extend exemptions to income attributable to the investment division of offshore banking units in an IFSC, add exemptions for non-residents from transfers of non-deliverable forward contracts and for royalties on aircraft leases paid by eligible IFSC units, revise exemptions for travel concessions, unit linked insurance policy receipts and provident fund interest related to higher contributions, raise receipt thresholds and clarify corpus treatment for educational and medical institutions, relax and clarify investor-eligibility and proportionality rules for specified foreign investors, and introduce an exemption for capital gains on relocation transfers by resultant funds; effective dates and prescribed conditions are provided. en-us Mon, 01 Feb 2021 16:34:10 +0530 Thu, 04 Feb 2021 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39328 Amendments to section 10 extend exemptions to income attributable to the investment division of offshore banking units in an IFSC, add exemptions for non-residents from transfers of non-deliverable forward contracts and for royalties on aircraft leases paid by eligible IFSC units, revise exemptions for travel concessions, unit linked insurance policy receipts and provident fund interest related to higher contributions, raise receipt thresholds and clarify corpus treatment for educational and medical institutions, relax and clarify investor-eligibility and proportionality rules for specified foreign investors, and introduce an exemption for capital gains on relocation transfers by resultant funds; effective dates and prescribed conditions are provided. Act-Rules Bills Mon, 01 Feb 2021 16:34:10 +0530 https://www.taxtmi.com/acts?id=39328