Source: Reuters (via feed)
India said on Wednesday that it would not apply strict tax evasion rules to foreign investments made before April 2017.
This announcement followed a court order in a Tiger Global case that raised concerns about retrospective scrutiny.
The decision comes amid ongoing discussions about the enforcement of tax laws on foreign investments.
No further details were provided regarding the application of tax rules to investments made after April 2017.
BizTrendWire Insight:
India’s announcement clarifies its position on tax rules for foreign investments before April 2017.
India’s announcement clarifies its position on tax rules for foreign investments before April 2017.
