Surcharge On FPI Spooks Markets
  • WebDesk BTVI
  • Jul 08 2019

There are concerns that the increased surcharge on super-rich could also affect foreign funds investing in India since the same tax structures apply for individuals, HUFs and Associations of Persons. FM Sitharaman in 2019-20 Budget tabled in Parliament last week proposed to increase surcharge from 15 per cent to 25% on taxable income between Rs 2-5 cr, and from 15% to 37% for income above Rs 5 cr. On this episode, Vijay Iyer asks, did the government not realise the impact of amending tax laws?