FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai. Abolishing the tax on short-term capital gains may provide a boost to capital markets and, in turn, help attract investment. Photograph: PTI Photo. Foreign institutional investors (FIIs) have written to the finance ministry and the Securities and Exchange Board of India (Sebi) demanding that short-term capital gains be scrapped. Instead, the FIIs want ... Rediff.com, 1 week ago
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