India Proposes Tax Rule Overhaul to Draw Offshore Investment Funds

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The Indian government has drafted a bill proposing significant changes to tax regulations aimed at attracting offshore funds. Finance Minister Nirmala Sitharaman is expected to introduce the legislation in the Lok Sabha in the near future. The bill has already been circulated among Members of Parliament ahead of its formal introduction. The proposed reforms are designed to make India a more attractive destination for foreign capital.

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