India shields pre-2017 foreign investment gains from strict tax rules - Reuters
India shields pre-2017 foreign investment gains from strict tax rules Reuters
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<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxQeFpaV1dQM1VXQURvZUkyWEZXbjhKVHp6dE9OQzdRQlRqYjRJUXZMZlVMUDA1ZTFVYmVfRk9RX0RZM1JGV3NQVVV0Mk5CYmhxV3lmb2ZSb3ZZSzVXLTNFcGxGdGU4M0tGOUFwcU1neW9NVlpxd2lpb1RZZ244ZGJ1Y3pjWXltSUQ5cEdQNmo5cktKbHAwUjdpa05ISFZtOWxaLWgwYVlyQjFoWUlSbTdEU3Jn?oc=5" target="_blank">India shields pre-2017 foreign investment gains from strict tax rules</a> <font color="#6f6f6f">Reuters</font>
The Central Board of Direct Taxes clarified that gains from investments made before April 1, 2017, are exempt from General Anti-Avoidance Rules (GAAR), providing clarity and relief to foreign investors and private equity funds concerning their existing holdings.
India's finance ministry announced that it will not apply anti-tax avoidance laws to investments made before April 1, 2017, providing relief to private equity firms with legacy assets in the country.
India's income tax department clarified that stricter anti-tax avoidance rules will not apply to gains from foreign investments made before April 2017, aiming to ease concerns among overseas investors about retrospective taxation.
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