Topic
tax exemption
Finance 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
Capital Markets #tax exemption#capital gains tax
India Exempts Capital Gains Tax on FII in Govt Securities
India has promulgated an ordinance exempting capital gains tax on Foreign Institutional Investors' investments in government securities. This move aims to attract foreign capital and enhance the appeal of India's sovereign debt market.
Jun 6, 2026 2 sources