In a move that is meant to counter the 48 days of turbulence in the stock market, the Government on Friday came with its first booster shot for the economy, rolling back the higher super-rich surcharge levied on capital gains in equity market for domestic and foreign investors.
Sunil Gidwani, Partner shares his views on aforementioned story for following publications:
Sunil Gidwani, Partner shares his views on IFSC boost: CBDT gives compliance relief to non-resident investors for Hindu Business Line.
Sunil Gidwani, Partner- Financial Services contributed an article on NBFCs ! Beware of INTERESTing Dilemma for Taxsutra.
Finance minister Nirmala Sitharaman stuck to her budget proposals and declined to relent on the demand by foreign portfolio investors (FPIs) structured as trusts that they be exempted from a higher surcharge. The government believed that the richest should contribute more to society and nation building.
Rakesh Nangia, Managing Partner and Sunil Gidwani, Partner- Financial Services share their views on aforementioned story for following publications:
Economic Times- Front page story
Livemint- Front page story
New Indian Express
Financial Express- Front page story
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