FPIs Registered As Trusts Will Have To Pay New Tax Surcharge: FM
  • WebDesk BTVI
  • Jul 18 2019

Finance Minister Nirmala Sitharaman said that the tax proposals in the Finance Bill 2019 are aimed at improving the ease of living and reducing pain of the citizens. Sitharaman did not relax the tax proposals with regards to Foreign Portfolio Investors. On the proposal to hike tax liability on individuals earning more than Rs 2 crore, she said it will not impact FPIs provided they organised themselves as company.