Neutral impactStocks
Foreign or local? Investors at lossover GIFT funds
Economic Times 1d ago·17 Jul 2026, 12:30 am
Investors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide varying guidance on whether these should be categorized as foreign assets. While GIFT City falls under the foreign category per FEMA regulations, it's treated as a domestic entity for income tax.
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