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.
Which of the following is a bacterial disease in cattle?Â
An association between organisms of two different species in which one is inhibited or destroyed and the other is unaffected is calledÂ
Which part of small intestine receives the bile from Liver or Gall Bladder to break down fats?Â
Flooding is the method used for the reclamation practice in which of the problematic soil?
Which of the following scheme is not related to rural development?Â
What is the pf value of saturated soil and oven dry soil?
Which digital platform is promoted to provide farmers with a unified national market for agricultural commodities?
What is the seed rate of hybrid cotton with a spacing of 120 × 60 cm?
Which one of the following is an animal-origin insecticide?
A type of farming in which no single product source of income equals as much as 50% of the total receipts is ____
