Capital Markets #cbdt#pan exemption
CBDT Extends PAN Exemption to Category I and II AIFs to Ease Foreign Investments
The Central Board of Direct Taxes has amended Income Tax rules to exempt Category I and II Alternative Investment Funds, including those in IFSCs, from obtaining a Permanent Account Number (PAN). This move, effective from July 21, 2026, is expected to expedite onboarding of foreign investors by removing a compliance bottleneck, according to tax experts.
Jul 22, 2026 1 source