NRs having income from transfer of capital asset referred to Sec. 47(viiab) exempt from obtaining PAN: CBDT

The CBDT has inserted a new sub-rule 2A to Rule 114AAB to provide that eligible foreign investor, who has made transaction only in a capital asset referred to in clause (viiab) of section 47 shall be exempt from obtaining PAN. Eligible Foreign Investor means a NR who operates in accordance with the SEBI’s Circular dated 04-01-2017The CBDT has inserted a new sub-rule 2A to Rule 114AAB to provide that eligible foreign investor, who has made transaction only in a capital asset referred to in clause (viiab) of section 47 shall be exempt from obtaining PAN. Eligible Foreign Investor means a NR who operates in accordance with the SEBI’s Circular dated 04-01-2017taxmann.com Latest Statutory HappeningsRead More

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