FPIs seek review of taxes faced by them, say some face double taxation
Foreign investors are urging a review of India's tax policies, particularly capital gains, citing high trading costs and potential double taxation. They argue that the reintroduction of long-term capital gains tax, coupled with difficulties in claiming foreign tax credits, makes India less attractive. Concerns also include computation issues and refund delays, contributing to significant FPI outflows.
Foreign investors are urging a review of India's tax policies, particularly capital gains, citing high trading costs and potential double taxation. They argue that the reintroduction of long-term capital gains tax, coupled with difficulties in claiming foreign tax credits, makes India less attractive. Concerns also include computation issues and refund delays, contributing to significant FPI outflows.
