Tag Archives: GAAR:

P-Note Maturities Should Be Exempt From GAAR: Assocham

New Delhi:┬áThe General Anti-Avoidance Rules (GAAR) should not apply to a foreign portfolio investor (FPI) on redemption and maturity of participatory notes, industry body Assocham said on Wednesday. In a detailed memorandum to the Finance Ministry, the chamber said it is common for investors to gain economic exposure in Indian securities through P-notes. “We believe that the existence of a ... Read More »