Friday, February 2, 2018

No short-term tax on GIFT derivatives for foreigners

"There is an apprehension that futures trading on Indian stocks may move to offshore exchanges such as SGX," said Sameer Gupta, EY financial services tax leader. To counter this, "the Finance Bill proposes that transactions in derivatives, bonds, GDRs (global depository receipts) by a nonresident on a ...

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