Finance Minister Nirmala Sitharaman on Tuesday tabled a bill in Lok Sabha to "significantly simplify" the framework governing offshore investment funds by relaxing the eligibility conditions for such funds managed from India to avail tax exemption on their global income.
The Taxation and Other Laws (Amendment) Bill, 2026, will replace the June 5 Ordinance that provided income tax exemption to income from interest and capital gains made by FPIs from investments in G-Secs.
