You can search by either selecting keyword only or dates only or with both keyword and dates.
You cannot select "news" previous than 1st March 2016.


Foreign investors get clarity on tax (Relevant for GS Prelims, GS Mains Paper III)

Benefit to Foreign investors
The Centre clarified that foreign portfolio investors (FPIs) would not have to pay tax in India for assets sold overseas even if the underlying value is derived from Indian assets, providing a breather to such entities.

Background
The provision was introduced to deal with cases like Vodafone wherein the telecom major acquired the business of Hutchison Essar but refused to pay any tax in India since the acquisition was done overseas. Tax authorities issued a notice to Vodafone on grounds that the value of the transaction was derived from assets in India. However, later on, no tax was levied on this transaction.



en_USEnglish
hi_INहिन्दी en_USEnglish