Investors holding assets acquired before April 1, 2017, have received a significant reprieve. The Central Board of Direct Taxes has clarified that gains from these legacy investments will be exempt from General Anti-Avoidance Rules (GAAR). This move aims to provide much-needed clarity and reassurance for foreign investors and private equity funds concerning their existing holdings.
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Syndicated article · via economictimes.indiatimes.com
India grandfathered gains from investments made before April 2017
Investors holding assets acquired before April 1, 2017, have received a significant reprieve. The Central Board of Direct Taxes has clarified that gains from these legacy investments will be exempt from General…
