Tax sops may turn depository receipts more attractive for foreign investors – Sunil Gidwani

Non-resident investors coming through the foreign direct investment (FDI) route and not availing treaty benefits are a worried lot as they stare at a higher tax outgo, with the withholding tax on dividends considerably higher than the applicable tax rates.

Sunil Gidwani, Partner shares his views on a story titled Tax sops may turn depository receipts more attractive for foreign investors for Business Standard.