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Tax for FPIs may be unintended, but negative for long term, say experts

Updated : July 08, 2019 02:46 PM IST

Tejas Desai of EY said the move will also impact certain mutual funds and pension funds, which put long-term money into the country
Samir Arora, Helios Capital, believes the government may reverse the move as it was unintended
TP Ostwal said they will have to create a separate category with at a separate rate, which has never happened

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