India shields pre-2017 foreign investment gains from strict tax rules - Reuters

<a href="https://news.google.com/rss/articles/CBMisgFBVV95cUxQeFpaV1dQM1VXQURvZUkyWEZXbjhKVHp6dE9OQzdRQlRqYjRJUXZMZlVMUDA1ZTFVYmVfRk9RX0RZM1JGV3NQVVV0Mk5CYmhxV3lmb2ZSb3ZZSzVXLTNFcGxGdGU4M0tGOUFwcU1neW9NVlpxd2lpb1RZZ244ZGJ1Y3pjWXltSUQ5cEdQNmo5cktKbHAwUjdpa05ISFZtOWxaLWgwYVlyQjFoWUlSbTdEU3Jn?oc=5" target="_blank">India shields pre-2017 foreign investment gains from strict tax rules</a>&nbsp;&nbsp;<font color="#6f6f6f">Reuters</font>

India's finance ministry announced that it will not apply anti-tax avoidance laws to investments made before April 1, 2017, providing relief to private equity firms with legacy assets in the country.

India's income tax department clarified that stricter anti-tax avoidance rules will not apply to gains from foreign investments made before April 2017, aiming to ease concerns among overseas investors about retrospective taxation.

The Central Board of Direct Taxes clarified that gains from investments made before April 1, 2017, are exempt from General Anti-Avoidance Rules (GAAR), providing clarity and relief to foreign investors and private equity funds concerning their existing holdings.