100% Foreign Investment In AIFs, REITs, INVITs!
Specific safe harbor provision needs to be introduced to make sure that fund managers of offshore funds being based in India does not result in such offshore funds being regarded as tax resident of India, thereby compromising the eligibility to claim treaty relief in respect of capital gains in any manner.
First there were draft guidelines, then guidelines and now finally a notification from the RBI – all to regulate holding companies. Or as RBI terms is Core Investment Companies. Payaswini Upadhyay gets experts to review the final rules and examine life before and after the CIC notification