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Budget expectations from AIFs, mutual fund industry and IFSC in Gift City
On 1 February 2024, Finance Minister Nirmala Sitharaman will present her interim budget in India's election year. The focus is on making India an attractive destination for foreign investments while maintaining fiscal discipline. Key budget expectations in the Financial Services space include addressing tax implications for Alternate Investment Funds (AIFs) and achieving tax parity among different categories of AIFs.