https://www.taxtmi.com/acts?id=39353 The amendment brings the investment division of an offshore banking unit within the special tax treatment applicable to specified funds, taxing income from securities and capital gains under section 115AD; it inserts a new subsection limiting application to income attributable to investment divisions that qualify as Category-III portfolio investors under the Foreign Portfolio Investor Regulations, with attribution and computation in the prescribed manner, and adds a definition of the expression in the Explanation. en-us Mon, 01 Feb 2021 16:50:03 +0530 Mon, 01 Feb 2021 16:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=39353 The amendment brings the investment division of an offshore banking unit within the special tax treatment applicable to specified funds, taxing income from securities and capital gains under section 115AD; it inserts a new subsection limiting application to income attributable to investment divisions that qualify as Category-III portfolio investors under the Foreign Portfolio Investor Regulations, with attribution and computation in the prescribed manner, and adds a definition of the expression in the Explanation. Act-Rules Bills Mon, 01 Feb 2021 16:50:03 +0530 https://www.taxtmi.com/acts?id=39353