Tag : gaar

South African Sanlam's $111 million share purchase in an Indian firm has drawn attention to the appeal of the country's QFI scheme, offering foreign investors quicker time to market.

Despite unresolved issues over tax compliance, India has seen net foreign investor inflows return with a vengeance. Market players say several factors are behind the turnaround.

Tax experts and investors say draft guidelines on India’s controversial anti-tax evasion rules could be used indiscriminately by tax officers.

Many hedge funds invested in the Indian markets, and the dealers that provide this access through P-notes, have stopped adding positions for fear of potential tax liabilities.

Guidance is needed over new proposals that could hit fund capital gains and damage foreign investment into India.