India: Foreign Portfolio Investors Notified As FII’s In Terms Of Section 115ad Of It Act, 1961

Vide circular dated 22.01.2014 CBDT has specified Foreign Portfolio Investors registered under the Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2014, as Foreign Institutional Investor for the purposes of Section 115AD which deals with the provisions of "Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer".

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