Taxation policy should never surprise markets: Nishith Desai
  • WebDesk BTVI
  • Jul 30 2019

Nishith Desai, Founding and Managing Partner at Nishith Desai Associates, on the tax surcharge on FPIs, says big changes in taxation policy should be announced separately, not in the Budget. He says small and retail investors are the worst hit after the announcement of surcharge on FPIs. He hopes that the administration looks into the taxation issue and provides relief to investors. He stresses that taxation policy should never surprise markets.