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Plan For Direct Overseas Listing of Indian Shares On Backburner
The Department of Revenue is refusing to grant an exemption on capital gains tax.
08 Jul 2021, 08:02 AM IST
The government's proposal to allow direct listing of Indian shares overseas may be a non-starter with the Department of Revenue refusing to grant any exemption on capital gains tax, two people familiar with the matter said.The tax department is unwilling to provide an exemption from the levy arising from the transfer of shares of Indian companies by non-residents, the people said on the condition of anonymity.A query emailed to the M...
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