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Ofo vs fii

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(Querist)
29 January 2016 What is the difference between Overseas financial organisation mentioned in section 115AB and Foreign institutional investor as mentioned in section 115AD? Please give an example of each.
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
31 January 2016 Overseas financial organisation has been defined in section 115AB sufficiently. WRT to FII not a sufficient definition available in Income Tax Act. We make recourse to SEBI.

FII is an institution registered. In case of OFO covers registered / unregistered organisations. This only my view. You may please cross check thoroughly.
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Nidhi

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Nidhi (Querist)
04 February 2016 okey sir....thank you.
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Nidhi

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Nidhi (Querist)
04 February 2016 thank you sir...
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