Tag Archives: fpi

India Rekindles FII Fear with Retrospective Tax Demand

Despite the massive uproar over Vodafone’s retrospective tax demand case, the current government has rekindled fears with 100 Foreign Institutional Investors sent a tax demand amounting to $5 to 6 billion for what it termed “untaxed gains”. The repetitive retrospective tax demand has sent the FIIs into hectic parleys crying foul over the new notice despite promises made by finance ...

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