Quick Summary
In a significant move to streamline tax administration and align with global financial regulations, the Central Board of Direct Taxes (CBDT) issued Notification No. 10/2025 on January 27, 2025. This notification, officially titled the Income-tax (Second Amendment) Rules, 2025, introduces critical am
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The main purpose is to streamline tax administration for IFSCs and align with global financial regulations.
Venture Capital Funds established in IFSCs are now recognised as Category I Alternative Investment Funds under clause (23FB) of section 10 of the Income-tax Act, 1961.
Permitted activities include lending (loans, guarantees, securitization), factoring and forfaiting of receivables, and treasury services like intra-group financing and risk hedging.
Interest paid by these companies on debts issued by non-residents must be in foreign currency.
Retail schemes need a diverse investor base and limited exposure to associates, unlisted securities, and single companies. ETFs must be listed, traded on recognised stock exchanges, and comply with IFSC regulations.
CAclubindia
