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Only transactions made by Category II FPIs till Sept 23, 2019 exempt from new law.

The government has restricted the exemption on indirect transfers to category-I FPIs only.

Stocks where FPIs held 33-74 per cent have dropped up to 60 per cent since Budget.

FPIs being subject to increased surcharge will revisit their strategies in Indian markets.

FPIs withdrew a net sum of Rs 4,953.77 crore from equities during July 1-12.

There has been an outcry among FPIs after the budget announcement.

Prior to this, foreign portfolio investors (FPIs) were net buyers for five consecutive months.

FPIs have showed strong tendency to buy Indian equities ahead of the budgets, data shows.

The Income-Tax Department also tweeted that ‘grandfathering’ will be applicable to FPIs.

All income arising from Indian assets or through the transfer of a capital asset situated in India was to be deemed to accrue or arise in I...

The I-T department's move could have an adverse bearing on portfolio investments unless some clarification is issued by the Finance Ministe...