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Rollback of enhanced surcharge on income from derivatives isn’t discriminatory for domestic investors: CBDT

August 28, 2019
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The CBDT has clarified income arising from derivatives for the domestic investors including AIFs category-III has always been treated as business income. However, in case of FPIs, same is treated as income from capital gains by virtue of section 115AD of the Income-tax Act. Therefore, to say that General Budget 2019 or FM’s announcement on 23-08-2019 created a differential regime between FPI and domestic investor is totally incorrect
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