Securities transaction tax mop-up rises 14% despite sharp sell-off – Sunil Gidwani

Global fund managers in India scored a win when the country relaxed its tax rules for those controlling offshore funds—but more changes may be needed to boost fund management in the country.
The Indian tax authority recently set minimum thresholds for how fund managers based in India are paid, removing the risk of potential disputes under earlier rules .

Sunil Gidwani, Partner shares his views on a story titled Securities transaction tax mop-up rises 14% despite sharp sell-off for Business Standard.