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News INCOME TAX

  • Jul 22, 2019
  • SWFs, Pension Funds may tap diplomatic channels to escape hike in tax surcharge

    Overseas sovereign and pension funds may use diplomatic channels to lobby the Indian government against the increase in tax surcharge on non-corporate entities imposed in the budget. They include a leading Middle East government fund and three big-ticket pension funds based in Canada among others, said people with knowledge of the matter. Finance minister Nirmala Sitharaman told Parliament last week that the government will not consider rolling back the budget measures, which are also applicable ..