Under the Income Tax Act, 1961, which category of investors will not be taxed on their income from offshore investments made through an Alternative Investment Fund (AIF) in an International Financial Services Centre (IFSC)?
A non-resident investor's income from offshore investments that go through an Alternate Investment Fund set up in an International Financial Services Centre will not be taxed. As per the provisions of the Income Tax Act, 1961, non-resident or foreign companies generating income chargeable under this Act through investments in IFSC-based investment funds, including Alternative Investment Funds (AIFs) registered in GIFT City, are exempt from filing income tax returns in India, provided that the income tax due on such earnings has been deducted at the source and remitted to the Central Government by the respective investment fund.
The Basel II required that all banking institutions set aside capital for operational risk. The operational risk can be assessed by which of the followi...
Cost of issue of new shares is known as:
Regional Rural Banks were created on the recommendation of:
_______ measures banking sector’s ability to absorb shock arising from financial and economic stress.
Which is the document governing the internal management of the company?
Price risk is the risk of a decline in the value of a security or a portfolio. How can one transfer price risk?
Which among the following is important to assess the Gearing ratio?
Which of the following statements is true about the Atal Pension Yojana (APY)?
Which of the following would be considered a 'cash-flow item from an "investing" activity'?
Which of the following ratios can help compare the operational efficiency of different entities?
