Tag: FII

Government withdraws enhanced surcharge on tax payable on transfer of certain assets

Newsroom24x7 Network New Delhi: Government of India today announced the decision to withdraw enhanced surcharge on tax payable on transfer of Equity shares in a company; Unit of an equity oriented fund; and Unit of a Business Trust from the current FY 2019-20. The the tax payable on gains arising from the transfer of derivatives

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FIIs/RFPIs can now invest up to 49 per cent in Bharti Infratel Limited

Newsroom24x7 Desk Mumbai: The Reserve Bank of India has today notified that Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 49 per cent of the paid up capital of Bharti Infratel Limited under the Portfolio Investment Scheme (PIS). The Reserve Bank has stated that the company has passed resolutions at

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