Budget 2017: Relief from indirect transfer provisions for foreign investors
The clarification puts to rest worries of FPIs, private equity and venture capital funds emanating from a 21 December circular of the tax department
Mumbai: Finance minister Arun Jaitley announced a number of steps in the Union budget to attract funds from foreign portfolio investors (FPIs). The proposals include an exemption from the provisions of indirect transfer tax for category I and category II FPIs.
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