Around 40% Of FPIs To Be Hit By Surcharge: Ketan Dalal, Katalyst Advisors
  • WebDesk BTVI
  • Jul 19 2019

Ketan Dalal, managing partner at Katalyst Advisors, while talking on higher tax proposed by the government on foreign portfolio investors (FPIs), said the reading for surcharge on FPIs was very clear in the Budget document. According to him, nearly 40 per cent of FPIs will get affected by the surcharge. He also clarifies that tax rates are different for short-term and long-term FPIs. According to Dalal, it’s not so easy for a trust model to convert into a corporate body to avoid the surcharge.