CBDT Grants Sec 47(viiab) Exemption to Investment Trust Units and IFSC ETFs

Last updated: 14 September 2023

The CBDT (Central Board of Direct Taxes) has amended the notification No. 16/2020 dated 05-03-2020 to enhance the scope of section 47(viiab) exemption. Section 47(viiab) of the Income Tax Act, 1961 provides for an exemption from capital gains tax on transfer of capital assets by a non-resident on a

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Category Income Tax   Report

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