Comparison of Section 208 "Tax on income from units purchased in foreign currency or capital gains arising from their transfer." between the Income-Tax Act, 2025 (as passed) and the Income-Tax Bill, 2025 (as originally introduced)
5 September, 2025
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Preferential tax regime for offshore fund income from foreign currency purchased units, segregating specified incomes and limiting deductions. Section 208 creates a separate tax regime for overseas financial organisations investing in specified Indian units: income from units purchased in foreign ... Summary
Preferential tax regime for offshore fund income from foreign currency purchased units, segregating specified incomes and limiting deductions.
Section 208 creates a separate tax regime for overseas financial organisations investing in specified Indian units: income from units purchased in foreign currency and long term capital gains on transfer of such units are taxed at fixed rates while remaining income is taxed ordinarily. The provision restricts deductions when gross total income consists solely of those specified incomes and requires segregation of specified incomes so Chapter VIII deductions apply only to the residual income. Eligibility depends on arrangements with specified Indian entities and SEBI approval.
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