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"Grandfathering of investments till 31 March 2017 provides some breather to the existing investors and the fund houses. The reduced tax rate with 50% of the domestic rate of tax in India, during the transition period of two years from April 2017 to March 2019 is a bit a show stopper unlike the India- Singapore treaty since as per the India-Mauritius protocol fulfilment of Limitation of Benefit will only entitle the investors to a 50% reduction of tax rates."
Manoj Purohit
Director, Grant Thornton Advisory Private Limited
This article apeared in Business Standard on 11th May, 2016
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