Comments
Taxes on foreign institutional investors (FIIs) pertaining to prior years are likely to hurt sentiment, CLSA said.
India issued fresh tax notice to Vodafone, according to a report.
Investment bank CLSA said, “notices received by funds largely based outside of treaty countries such as Mauritius, Singapore & Netherlands. However, it's difficult to rule out possibility of notices to Mauritius funds.”
According to Deloitte, investment entities incorporated as 'companies' will only be impacted and if current issue escalates, investor sentiment could get hurt again, the investment bank adds.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.