Branch2 Intelligence
Income tax department slaps notices on foreign investors with no earnings
Key takeaway
India's tax department sends reassessment notices to foreign investors with no earnings, creating legal uncertainty.
- Step 11st-order: India's tax department sends reassessment notices to foreign investors with no earnings, creating legal uncertainty.
- Step 22nd-order: Foreign portfolio investors (FPIs) reduce exposure to Indian equities, causing capital outflows and rupee depreciation.
- Step 33rd-order: Indian companies face higher cost of equity capital as FPI risk premium rises, impacting their ability to invest and grow.
Source: IN:Economic Times
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