CBDT clarifies taxability of Income earned by Non-Resident Investor from off-shore Investments routed through Alternative Investment Fund [Read Circular]

By Navasree A.M - On July 13, 2023 4:59 pm - 2 mins read
CBDT- CBDT clarifies taxability of Income - Income -investments - taxscan

The Central Board of Direct Taxes (CBDT) has clarified the taxability of Income earned by Non-Resident Investor from off-shore Investments in Investment Fund routed through Alternative Investment Fund, vide circular no. 12/2023 on 12th July 2023. The CBDT Circular No. 14/2019, issued on 3rd July 2019, aimed to provide clarification regarding the taxation of income…

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