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Tax-cut hopes lift Indian bonds but RBI hike fears loom
Reuters and local media reported that the government is considering scrapping the 12.5% capital gains tax on overseas investors and the 20% withholding tax on interest earned by foreign investors in government securities.
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economictimes.indiatimes.com
Govt weighs tax cuts to boost foreign bond inflows: Report
India is set to boost foreign investment soon. The government plans to cut taxes on global funds investing in Indian bonds. Ownership limits on certain bonds may also be removed.…
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theprint.in
India considering tax cut plans to draw more foreign investments
Cabinet, Wednesday, is expected to consider whether it should eliminate the 20% levy on interest earned from bonds, or reduce it to a bare minimum.
