NDTV·2 min read·medium
Lok Sabha Passes Bill Granting Tax Exemption To Foreign Bond Investors
✦AI Summary
The Lok Sabha has passed a bill that provides tax exemptions to foreign institutional investors on government securities. The exemption covers interest earned as well as capital gains from the sale or transfer of these securities.
The Bill provides the exemption to Foreign Institutional Investors (FIIs) investing in government securities (G-Secs), covering interest earned on such securities as well as capital gains arising from their sale, exchange or transfer.
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