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India makes G-Secs tax-free for foreign investors
NDTV Profit··5 Jun
India has announced a full tax exemption on interest income and capital gains earned by eligible foreign investors from government securities. The relief comes through the Income-tax Amendment Ordinance, 2026, effective retrospectively from April 1, 2026. FIIs and FPIs will no longer pay 12.5 percent LTCG tax on long-term G-Sec gains.
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