Claim of treaty benefits by Foreign Institutional Investors under the provisions of Double Taxation Avoidance Agreements

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Principal Chief Commissioners of Income Tax Madam/Sir, Subject: Claim of treaty benefits by Foreign Institutional Investors under the provisions of Double Taxation Avoidance Agreements-regarding It has come to the notice of the Board that several Foreign Institutional Investors receiving income from transactions in securities claim such income as exempt from tax under the Income Tax Act, 1961 ....