₹2.3 tn wiped off BSE Sensex over past 3 sessions as tax clarity elude market1 min read 09 Jul 2019, 05:13 PM IST
The reason: the realization that the new tax rate applies not just to the super rich but also to trusts — a structure of choice for a large number of foreign funds that invest in the nation
The proposal 'seems to have inadvertently' dragged FPI into the tax net and must be clarified by the govt
Mumbai: It’s an old saw of India’s budget documents — the devil lies in details of the fine print.
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