Income-tax Ordinance exempts FIIs and BIS from tax on specified government securities income
05 Jun, 2026
Income-tax Ordinance exempts FIIs and BIS from tax on specified government securities income
Unit 5 — Mathematical Reasoning and AptitudeUnit 10 — Higher Education System
What Happened?
The President promulgated the Income-tax (Amendment) Ordinance, 2026 on 5 June. It provides exemptions for FIIs and the BIS on interest earned from government securities and capital gains arising from their sale, exchange or transfer, applicable to income arising on or after 1 April 2026.
Premium Content Locked
Unlock this explanation, Paper 1 mapping, and MCQs by upgrading your plan.
