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India: Certain taxpayers granted tax exemption for income from government securities

Effective from April 1, 2026

june 5, 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

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