Question
Under the Income Tax Act, 1961, which category of
investors will not be taxed on their income from offshore investments made through an Alternative Investment Fund (AIF) in an International Financial Services Centre (IFSC)?Solution
  A non-resident investor's income from offshore investments that go through an Alternate Investment Fund set up in an International Financial Services Centre will not be taxed.  As per the provisions of the Income Tax Act, 1961, non-resident or foreign companies generating income chargeable under this Act through investments in IFSC-based investment funds, including Alternative Investment Funds (AIFs) registered in GIFT City, are exempt from filing income tax returns in India, provided that the income tax due on such earnings has been deducted at the source and remitted to the Central Government by the respective investment fund.
As per Criminal Procedure (Identification) Act 2022, the record of measurements shall be retained in digital or electronic form for a period of ……�...
Which section deals with offences committed by companies under the Act?Â
Within what period must a prescribed class of unlisted companies file a copy with the Registrar after the completion of the relevant period?
The fundamental rights of the Indian Constitution are:
Which of the contracts cannot be specifically enforced?
Which of the following is NOT one of the punishments listed under Section 4?
In the landmark case Tata Sons Limited v. Cyrus Mistry (2018), the Supreme Court addressed the rights of minority shareholders and the concept of fiduc...
When a mortgaged property is leased and mortgagor obtains renewal of lease, mortgagee is_____________.
What is the time limit for filing an annual return by LLP?
The books of account of every company relating to a period of _____________ immediately preceding a financial year shall be kept in good order
