Super rich tax

Sensex soars 793 points on FPI surcharge rollback; Nifty reclaims 11,000

After gyrating 1,052 points, the 30-share Sensex ended 792.96 points, or 2.16 per cent, higher at 37,494.12.

published on : 26th August 2019

FPIs withdrew Rs 3,014 crore from capital markets in August so far

This has translated into a total net outflow of Rs 3,014.72 crore from the capital markets (both equity and debt).

published on : 26th August 2019

No enhanced surcharge on FPIs for capital gains in equities, derivatives: Government

The Centre on Friday had announced a slew of measures to boost the economy, including a rollback of enhanced super-rich tax on foreign and domestic equity investors imposed in the Budget.

published on : 24th August 2019

Finance Minister Nirmala Sitharaman to exempt foreign investors from super-rich tax

The tax proposal, along with a lack of measures to boost the economy in the July 5 budget, led to foreigners withdrawing more than $3 billion from Indian shares.

published on : 23rd August 2019

PM bats for India Inc. in Independence Day speech, says wealth creators should not be seen with suspicion

This message comes at a time when concerns are being raised over the increasing harassment of corporates by tax officials.

published on : 15th August 2019

FPI meet on Super-rich tax: Top foreign investors Nomura, Morgan Stanley to meet Sitaraman

The FPIs are likely to raise issues such as the recently-introduced tax surcharge and seek either full rollback or suitably tweaked to keep them out of the higher tax net. 

published on : 9th August 2019

FPIs pull-out over Rs 20,500 crore; government adamant on super-rich surcharge 

The carnage at the indices began since July 5, when the Budget proposed a levy of an additional surcharge on individuals and trusts earning more than Rs 2 crore and Rs 5 crore, respectively. 

published on : 3rd August 2019

No relief for Foreign Portfolio Investors unless they turn corporates

Foreign Portfolio Investors (FPI) can register themselves as companies to avoid the super-rich tax surcharge imposed in this year’s budget.

published on : 19th July 2019

Avoiding India's super-rich tax won't be easy for foreigners

The government has maintained that it is not specifically targeting overseas investors and that the increase in surcharge applies to individuals and entities.

published on : 14th July 2019

By raising taxes on the rich, Centre gives them little leeway to make new investments

By raising taxes sharply, the Centre is giving little incentive to people with money to make new investment.

published on : 6th July 2019