Budget 2023 may take up GIFT City AIFs’ tax snags

The Reserve Bank of India (RBI) allowed domestic investment in a GIFT City fund using the Liberalised Remittance Scheme (LRS), under which a resident Indian can invest up to $250,000 a year in stocks and properties abroad. But administrators of category 3 AIFs receiving such LRS money may have a tough time dealing with the… Continue reading Budget 2023 may take up GIFT City AIFs’ tax snags