All foreign investors to get same tax treatment

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SummaryThree classes of foreign investors — foreign institutional investors (FIIs), qualified foreign investors

communication from the department of economic affairs to the CBDT and Sebi, conveying the decision that all three categories of FPIs would be given similar tax treatment as available to FIIs presently, was noted (at the board meeting).”

The Central Board of Direct Taxes, however, is yet to notify the changes in the tax treatment for QFIs as it believes these require amending the Income Tax Act.

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