NIFTY 50

Why FPI tax tangle is troubling investors, explained

Updated : July 09, 2019 05:19 PM IST

The budget proposal of a hike in surcharge rates has had a spillover effect on two classes of investors – Foreign Portfolio Investors (FPIs) and Category 3 AIFs or Alternative Investment Funds.
This is because the government took a  view that surcharge will be applicable not just on individuals but to all trusts which are incorporated & structured as an AOP or Association of Persons.
Why FPI tax tangle is troubling investors, explained
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV