Gandhinagar, Outbound investments from GIFT IFSC remain constrained due to tax-related issues, and the International Financial Services Centres Authority (IFSCA) is working with the government on the matter, a senior official said on Wednesday.
"We are already working with the government on the outbound tax. That is, of course, the request of the funds. That is something which we are working on," Pradeep Ramakrishnan, executive director at IFSCA, said during a panel discussion at an Artha Bharat Investment Managers IFSC LLP event.
