India Content

As a follow up to ICI's meeting with Indian Government officials on outstanding tax issues, the attached draft letter outlines concerns on capital loss offsets.

ICI is surveying members investing in India regarding their experience either undergoing or considering a reorganization and the India tax implications for their funds.

ICI crafted and coordinated a submission on behalf of global fund industry associations urging the Indian Government to enact legislation that would permit all foreign regulated funds to undergo tax neutral reorganizations with respect to Indian securities.

Attached for member review is a draft letter to be signed by global fund industry associations urging the Indian Government to enact legislation that would permit all foreign regulated funds to undergo tax neutral reorganizations with respect to Indian securities.

Attached for your review is a draft letter with recommendations to address the global regulated fund industry's outstanding tax issues, in priority order for consideration in India's 2024 Union Budget. Below are the specific recommendations, many of which have been raised in prior ICI...