The answer is yes as long as the money is not directly invested in equities. The Union Budget 2024-25 proposed that “retail schemes and exchange-traded funds (ETFs) set up in Gujarat International Finance Tec-City, or GIFT City, will now enjoy tax exemptions along similar lines as available to specified funds”. “Now retail funds in GIFT … Read more
Investing in overseas markets is a great way of diversifying your portfolio. By spreading investments across countries, you can mitigate risks associated with domestic market concentration and benefit from growth opportunities in different regions. It also allows you to tap sectors and industries that may not be well-represented in India, making for a more balanced … Read more
As the Budget 2024 is around the corner, taxpayers are expecting some major overhaul in the capital gains tax. Thanks to the series of provisions that come into play while computing long term capital gains, investors and taxpayers are hoping for the revision in the legislation so that the confusion around capital gains tax, and … Read more