Budget 2024: How Tax-Free Retail Funds Will Benefit NRIs Introduction to New Regulations In the recent Budget 2024 announcement by Finance Minister Nirmala Sitharaman, significant emphasis was placed on the Gujarat International Finance Tec-City, commonly known as GIFT City. In her address, the minister elucidated that retail schemes and exchange-traded funds (ETFs) established in GIFT City will now enjoy tax exemptions akin to those granted to Category III Alternative Investment Funds (AIFs). This pivotal change, […]