Indian markets strengthened further after Finance Minister Pranab Mukherjee said there will be no tax liability on Participatory Note holders.
Further FM said that intention of government is not to cause any harassment to genuine investors. 'Income Tax department will examine taxability of FIIs and would not to go beyond FII issuing P-notes,'.
Positive Opening of the European Market also
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Further FM said that intention of government is not to cause any harassment to genuine investors. 'Income Tax department will examine taxability of FIIs and would not to go beyond FII issuing P-notes,'.
Positive Opening of the European Market also
....more info