*Letters

Proposed Changes to the Income-Tax Act of 1961

Published on:
March 28, 2012

SIFMA and ASIFMA provide comments to India’s Ministry of Finance expressing deep concern that certain portions of the India’s Finance Bill 2012 could adversely impact investment in the Indian capital markets by the global investment community.  Specifically, the legislation’s provisions relating to taxation of indirect transfers of assets as well as the General Anti-Avoidance Rule (GAAR) are very broadly worded and could be interpreted to tax Foreign Institutional Investors (FIIs) on their investments in the Indian listed equity markets.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.