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Economy

Super-rich tax: Why foreign funds organised as trusts have not been singled out to garner revenue

Updated : July 11, 2019 11:15 AM IST

Surcharge has been increased for such taxpayers regardless of whether they are domestic investors or foreign.
The manner in which Sensex and Nifty have taken a beating since pronouncement of Budget provisions last week, it is apparent that investor community has been hit hard owing to magnitude of the proposed change.
Super-rich tax: Why foreign funds organised as trusts have not been singled out to garner revenue
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