India grandfathered gains from investments made before April 2017
Published on: April 1, 2026, 10:54 a.m. | Source: The Economic Times
Investors holding assets acquired before April 1, 2017, have received a significant reprieve. The Central Board of Direct Taxes has clarified that gains from these legacy investments will be exempt from General Anti-Avoidance Rules (GAAR). This move aims to provide much-needed clarity and reassurance for foreign investors and private equity funds concerning their existing holdings.
