Mauritius, Singapore investments now fully taxable for capital gains1 min read . Updated: 01 Apr 2019, 12:55 AM IST
- Experts said the changes and the applicability of tax have not affected India’s ability to attract investments
- FY20 will be the first year after a two-year transition period to prevent aggressive corporate tax avoidance
NEW DELHI : Starting 1 April, capital gains on investments made in India through companies in Mauritius and Singapore will become fully taxable, as concessions cease to exist on the route, long seen as a tax-efficient way of investing in Asia’s third largest economy.
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