CBDT clarifies taxability of non-resident investor's offshore income via AIF

Last updated: 13 July 2023 Follow on Google News

The Central Board of Direct Taxes (CBDT) has recently issued Circular 12/2023, dated 12 July 2023, aiming to provide much-needed clarification on the taxability of income earned by non-resident investors from offshore investments made through an Alternative Investment Fund (AIF). This circular modifies the previous CBDT Circular 14/2019, taking into account changes made in the definition of 'investment fund' under the Income-tax Act, 1961.

CBDT clarifies taxability of non-resident investor s offshore income via AIF

Official copy of the circular has been mentioned below

Circular

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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