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<\/i> Income tax <\/a> CBDT Simplifies Tax Rules for IFSC Funds: A Major Win for Investors <\/h1> <\/div>
This blog post breaks down the recent significant amendment made by the CBDT to Rule 21AIA of the Income Tax Rules. It details the removal of sub-rule (4), which previously imposed additional compliance burdens on \"specified funds\" like retail schemes and ETFs in the IFSC. The post explains how this change aligns tax laws with IFSCA regulations, effectively eliminating dual regulation. The primary impact is simplified compliance, reduced regulatory overlap, and a more attractive investment environment in India's IFSC, ultimately fostering growth in financial hubs like GIFT City. <\/p>
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<\/div> Krishna Gopal Varshney <\/a>
An editor at Myitronline<\/p> <\/div>

Aug 25, 2025<\/li>
5 min read<\/li>
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##CBDT<\/a> <\/li>
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# #IFSC<\/a> <\/li>
# #GIFTCity<\/a> <\/li>
# #TaxRules<\/a> <\/li>
# #Rule21AIA<\/a> <\/li>
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# #Investment<\/a> <\/li>
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# #TaxUpdate<\/a> <\/li>
# #IndianEconomy<\/a> <\/li>
# #FinancialServices<\/a> <\/li>
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##Apnoakca<\/a> <\/li> <\/ul> <\/div> <\/div>

This blog post breaks down the recent significant amendment made by the CBDT to Rule 21AIA of the Income Tax Rules. It details the removal of sub-rule (4), which previously imposed additional compliance burdens on \"specified funds\" like retail schemes and ETFs in the IFSC. The post explains how this change aligns tax laws with IFSCA regulations, effectively eliminating dual regulation. The primary impact is simplified compliance, reduced regulatory overlap, and a more attractive investment environment in India's IFSC, ultimately fostering growth in financial hubs like GIFT City.

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Krishna Gopal Varshney <\/a><\/h4> An editor at Myitronlinenews<\/small> <\/div> View Articles<\/a> <\/div>
Krishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business\/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates. <\/p> <\/div> <\/div>

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