Central Board of Direct Taxes (CBDT) on Wednesday gave relief to all non-resident investors that indirectly invest in India through offshore subsidiaries from the far-reaching provisions of the law meant to tax offshore deals, subject to certain riders. The benefit is available to all private equity funds and venture capital funds.
Rakesh Nangia, Managing Partner shares his views on aforementioned story for following publications:
- Economic Times- Standalone story
- Financial Express