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Union budget 2017

Government moves to woo investors

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“The move is aimed at reducing revenue leakage when shares are transferred. However, there is a need for an exemption list so that genuine share transfers, such as in the case of merger and acquisition, are not taxed,”

Riaz Thingna
Director, Grant Thornton Advisory Private Limited

This article appeared in Live Mint on 2nd February, 2017.