Big gain for NRIs: Finance Bill 2025 widens IFSC tax exemptions to include FPIs, boosting foreign investments
![Big gain for NRIs: Finance Bill 2025 widens IFSC tax exemptions to include FPIs, boosting foreign investments](https://akm-img-a-in.tosshub.com/businesstoday/images/story/202502/679df5c1d2b8b-notably--the-exemption-applies-solely-to-non-residents--not-the-fpis-themselves-012148526-16x9.jpg)
The Income-tax Act's section 10(4E) previously limited exemptions on income from derivative transactions to non-residents engaging with Offshore Banking Units (OBUs). However, the Finance Bill 2025 extends these benefits to transactions involving For ...Read more