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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
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