Investors coming via Mauritius and Singapore may breathe easy, as the provisions of the General Anti-Avoidance Rules (GAAR) may not apply to their transactions. The government will also spare investors of foreign institutional investors (FIIs) who route their investments through tax havens, provided the FII is a genuine residents the tax havens. To end uncertainty, a clarification will also be issued on retrospective amendments. Full story
India's GAAR may not apply to Singapore, Mauritius investments
Investors coming via Mauritius and Singapore may breathe easy, as the provisions of the General Anti-Avoidance Rules (GAAR) may not apply to their transactions. The government will also spare investors of foreign institutional investors (FIIs) who route their investments through tax havens, provided the FII is a genuine residents the tax havens. To end uncertainty, a clarification will also be issued on retrospective amendments. Full story
