India: Certain taxpayers granted tax exemption for income from government securities
Effective from April 1, 2026
The Income-tax (Amendment) Ordinance, 2026 grants certain foreign institutional investors and the Bank for International Settlements a tax exemption for interest income and capital gains arising from government securities.
The ordinance is effective from April 1, 2026.
Read a June 2026 report prepared by the KPMG member firm in India