Topic
offshore funds
Capital Markets #tax#taxation
India Proposes Sweeping Tax Rule Changes to Attract Offshore Funds
India proposes easing EIF eligibility norms and replacing the June 5 FPI tax Ordinance under the Taxation and Other Laws (Amendment) Bill, 2026. The changes aim to make India a global fund management hub and attract foreign capital, with a unified IFSC and non-IFSC framework.
Aug 3, 2026 1 source
Capital Markets #tax#amendment
Tax Amendment Bill 2026 proposes easier rules for offshore funds managed from India
The Taxation and Other Laws (Amendment) Bill, 2026 proposes to substantially relax eligibility conditions for Eligible Investment Funds (EIFs) managed from India, removing investor thresholds and corpus requirements. The bill also replaces the June 5 ordinance that exempted FPIs from tax on G-Sec interest and capital gains, part of a broader push to attract foreign capital and support the rupee.
Aug 3, 2026 1 source