Centre Announces Tax Waiver on FII Government Bond Income

The Centre announced a tax waiver on certain investment income. The waiver applies to income earned by foreign institutional investors from government bonds. The policy change was reported by Magzter. The move removes tax obligations on such bond income. The announcement signals a shift in fiscal policy. The decision aims to affect FII investment behaviour. The report did not specify the effective date of the waiver. Stakeholders will monitor the impact of the tax change.