CBDT: Non-resident investor's income from offshore investment routed through AIF u/s. 115UB, not taxable

Jul 04,2019

CBDT issues clarification regarding taxability of income earned by a non-resident investor from off-shore investments routed through an Alternate Investment Fund [AIF]; Sec. 115UB(1) provides that the investments made by Category I or Category II AIFs are deemed to have been made by the investor directly; In this regard, CBDT clarifies that “any income in the hands of the non-resident investor from off-shore investments routed through the Cat...


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