1 / 2

No alleviation for FPIs structured as trusts from super-rich tax: Sitharaman

FPIs may think the option of structuring as companies and FPIs organizations as trusts may consider being registered as companies, said FM Sitharaman<br>

maheswarpabbisetti
Download Presentation

No alleviation for FPIs structured as trusts from super-rich tax: Sitharaman

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BUSINESS STANDARD No alleviation for FPIs structured as trusts from super-rich tax: Sitharaman FPIs may think the option of structuring as companies and FPIs organizations as trusts may consider being registered as companies, said FM Sitharaman Foreign portfolio investors (FPI) working as trusts in India will have to pay the tax surcharge proposed in Budget, said Finance Minister Nirmala Sitharaman on Thursday

  2. FPIs may consider the option of organizing as organizations and FPIs functioning as trusts may consider being enrolled as companies, said Sitharaman in Parliament. Sitharaman, in her Budget speech on July 5, proposed a tax increment of 3 per cent for individuals with an yearly salary of between Rs 2 crore and Rs 5 crore, and 7 per cent for those earning more than Rs 5 crore. The additional taxes apply to people, and groups of individuals who are an Association of Persons (AoP) or a body of individuals. It takes the tax rate of somebody earning Rs 20 million up to 39 per cent, and for those earning more than Rs 5 crore the rate moves to at least 42.7 per cent. Read More

More Related