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of <h1>Budget 2025-26: Tax-Neutral Status for Retail Schemes, ETFs in IFSC Fund Relocation under Section 47</h1> The Union Budget 2025-26 proposes amendments to include retail schemes and Exchange Traded Funds (ETFs) in the existing fund relocation regime under the International Financial Services Centres Authority (IFSCA). Currently, transfers of shares or units during fund relocation to an IFSC are tax-neutral. The amendment aims to extend this tax-neutral status to retail schemes and ETFs, aligning them with the definition of 'resultant fund' under Section 47 of the Act. This change, effective from April 1, 2026, will apply to the assessment year 2026-27 and onwards, promoting operations from IFSC by offering tax incentives.
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