Friday, April 26, 2019

RBI permits FPIs to invest in municipal bonds

As a measure to broaden access of non-resident investor to debt instruments in India, RBI has permitted FPIs to invest in municipal bonds. FPI investment in municipal bonds shall be reckoned within the limits set for FPI investment in State Development Loans.

from taxmann.com News http://bit.ly/2DBqxhE
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...