Tuesday, January 15, 2013

CBDT FAQs FOR QFIs

The Central Board of Direct taxes (CBDT) has come out with a set of 26 frequently asked questions (FAQs) on the tax framework applicable to Qualified Foreign Investors (QFIs). According to the FAQs, Qualified Depository participants (QDPs) will primarily be responsible for tax deducted at source liability before making remittance to QFIs.

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