Non-residents to get full income tax exemption on profits from OTC derivative contracts traded in IFSC due to this rule change

No income tax: Incomes arising out of non-resident’s income on Over-the-Counter (OTC) derivatives will be fully exempt from Income Tax under Section 10 (4E) provided they are routed through overseas banking units or FPIs.
Our Partner Kunal Savani shares his views on this in an article published by The Economic Times.  (Photo Credit: The Economic Times)