13 May 2016

India-Mauritius tax protocol: Investors taxed over grey zone in pact

There's a grey zone in the new rules of the game between India and Mauritius. 

Many offshore institutional investors, private equity houses and portfolio managers - which used vehicles in Mauritius to buy convertible instruments of Indian companies - are unclear whether they would be taxed if the conversion of these securities happens on or after 1 April 2017.

No comments: