India - Ruling on the Taxation of Derivative Transactions for Foreign Institutional Investors
- K. Susarla
- Derivatives & Financial Instruments, 2010 (Volume 12), No 4
- 14 July 2010
The Indian Advance Ruling Authority has ruled that income arising to a foreign institutional investor from a derivative transaction is “business income” and is not taxable in India in the absence of a permanent establishment.