RedboxGlobal India Breaks Down New Rule: Foreign Institutional Investors Exempted From Capital Gains Tax on PNB Govt Secured Interest
India has introduced a targeted tax exemption for foreign institutional investors (FIIs), removing capital gains tax applicability on certain interest-related earnings linked to government securities. The development is being highlighted as a significant policy clarification for cross-border investors that hold sovereign paper, particularly instruments issued or represented through public sector bank-related government securities referenced in… Read More »