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.
A group of countries made a joint agreement to build the India-Middle East-Europe Economic Corridor, which of the following countries is not a part of it?
Who is the author of the book “The India Way: Strategies for an Uncertain World”?
Which of the following B2B payments platform has received in-principle approval from the Reserve Bank of India (RBI) for a payment aggregator license?
Who has been appointed as the brand ambassador of Bank of Baroda?
Which bank collaborated with the Indian Navy to launch the 'Nav-eCash' card, a unique e-cash card that will be implemented pan Navy?
What is the main objective of the Uttarakhand Service Sector Policy-2023?
The fourth LEADS (Logistics Ease Across Different States) 2022 report unveiled by the ministry of ________.
Which bank has launched ‘Iris’ a mobile banking application that hosts services like opening a savings account, applying for a credit card or loan, ...
India's first solar roof cycling track was inaugurated in which city?
Who is the Director General of the International Solar Alliance (ISA),an alliance of more than 120 signatory countries?