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Meassures to promote International Financial Services Centre (IFSC)

Budget - Dated:- 5-2-2018 - Section 47 of the Act provides for tax neutrality relating to certain transfer. In order to promote the development of world class financial infrastructure in India, it is proposed to amend the section 47 of the Act so as .....

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cy:- (i) bond or Global Depository Receipt, as referred to in sub-section (1) of section 115AC; or (ii) rupee denominated bond of an Indian company; or (iii) derivative. This amendment will take effect, from 1st April, 2019 and will, accordingly, app .....

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