Stimulus steps: How the FPI surcharge rollback affects investors
Updated : August 26, 2019 12:44 PM IST
The foreign and domestic investors shall continue to be liable to pay the increased surcharge in respect of other income such as interest and dividend.
The finance ministry has clarified that necessary changes would be bought about in section 115 AD of the Income Tax Act.
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.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
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