17-May-2026
Taxation
 
CBDT eases PAN application norms for FPI onboarding after SEBI flags investor concerns to tax department
16-May-2026

As a relief measure for Foreign Portfolio Investors (FPIs), the Central Board of Direct Taxes (CBDT), the top body of the Income Tax Department, has introduced a set of relaxations in PAN application requirements after market participants flagged operational challenges arising from the newly notified Income-tax Rules, 2026. The move follows consultations between the Securities and Exchange Board of India (SEBI) and the CBDT aimed at ensuring smoother onboarding for overseas investors.

News Source:- https://www.moneycontrol.com/news/business/markets/cbdt-eases-pan-application-norms-for-fpi-onboarding-after-sebi-flags-investor-concerns-to-tax-department-13920707.html
 
 
 

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