Unless there is a howl of protest from investors, forcing India to tweak the language before the finance bill is passed, foreign investors will start receiving humongous demands on long-term capital gains. Photo: Abhijit Bhatlekar/MintHong Kong: Just as foreign stock investors in India try to come to terms with a rudely reimposed 10% tax on long-term capital gains, a bigger shock awaits them. However, unless there’s a howl of protest from investors, forcing India to tweak the language before the bill is passed, foreign investors will start receiving humongous demands. For one, the securities transaction tax, which replaced long-term capital gains levies in 2004, hasn’t been done away with. So if you’re an investor in Indian equities, do call your tax lawyer, and build some pressure.

Source: Mint February 02, 2018 10:07 UTC