India Exempts Foreign Institutional Investors and BIS from Tax on G-Secs Income to Deepen Bond Market and Attract Global Capital: Income-tax (Amendment) Ordinance 2026
Income-tax (Amendment) Ordinance, 2026 provides a tax exemption on interest income and capital gains from government securities for FIIs and BIS, to boost foreign investment and market liquidity, effective from 1 April 2026.