Sat, Dec 31, 2016
India will start imposing capital gains tax on investments coming from Singapore from April and fully withdraw exemptions in two years as the two countries agreed to amend a decade-old treaty after New Delhi rolled back similar concessions to Mauritius and Cyprus earlier this year.
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Wed, May 11, 2016
Mauritius and Singapore contributed $17 billion out of total FDI of $29.4 billion in April-December 2015.
The broader NSE Nifty closed 0.49% lower at 7,848.85.
India signed this Double Taxation Avoidance treaty with Mauritius in 1983 and hasn’t taxed capital gains since then.
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