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of <h1>Foreign Investors Get Tax Boost: 10% Income, 12.5% Capital Gains on Mutual Fund Units Under New Clause 208</h1> Concise Legal Summary:Clause 208 of the Income Tax Bill, 2025 establishes a special tax regime for offshore financial organizations investing in Indian mutual fund units purchased using foreign currency. The provision introduces concessional tax rates of 10% on unit income and 12.5% on long-term capital gains, replacing the existing Section 115AB. The clause aims to attract foreign investment by providing tax certainty, with strict eligibility criteria requiring SEBI-approved investment arrangements. It updates regulatory references, streamlines tax computation rules, and maintains oversight to prevent tax arbitrage while supporting India's financial market development.
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