New FPI Regime Lacks Tax Clarity
  • Elizabeth George
  • Jan 08 2014

January 8: Even as SEBI notified the much talked about foreign portfolio investor regulation, tax treatment for FPIs still remains unclear. Sources tell Bloomberg TV India that though the Department of Economic Affairs has written to the revenue department for uniform tax treatment for FPIs, the revenue department is yet to clear the proposal. We discuss the details of the tax regime for FPIs and give you the latest updates on this development.