Saturday, January 16, 2016

SEBI – registered FPIs get I-T filing relief

The Central Board of Direct Taxes (CBDT) clarified that incomplete or deficient returns filed by Foreign Portfolio Investors (FPIs) would not be treated as “defective” if the entities were registered with SEBI and do not have a permanent base in India. This would provide relief to over 500 FPIs.

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