The Hindu·4 min read·hard
Government proposes to ease tax relief conditions for offshore funds
P
PTI
✦AI Summary
The Indian government has proposed relaxing tax eligibility conditions for offshore investment funds managed from India. The move aims to position India as a global fund management hub by removing restrictive thresholds for investor participation and corpus size.
To strengthen India's position as a global fund management hub, the Government has proposed to substantially relax the eligibility conditions for an Eligible Investment Fund (EIF) managed from India to avail tax exemption on its global income.
businesseconomy
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