Government Issues Ordinance to Exempt FIIs from Capital Gains Tax on Securities

The government has issued a new ordinance regarding taxation. Foreign Institutional Investors (FIIs) are now exempt from certain taxes. This exemption applies specifically to capital gains on Government Securities. The ordinance aims to adjust the tax landscape for these investors. It represents a strategic move regarding Government Securities. This policy change affects how FIIs manage their investments. The ordinance provides a new framework for capital gains taxation. Financial markets are observing the impact of this regulatory shift.