"Many investments were made in India through Singapore, Mauritius and Cyprus entities that merely existed on paper... where it appears thes...

MLI, which is going to replace everything from April 1 is silent on grandfathering.

Investors based out of Singapore continue to avail several tax benefits for putting money in India.

Overseas entities investing through countries like Mauritius and Singapore will now have to pay a tax rate of 7.5% on short-term gains from...

Some FPIs may even look at relocating to Singapore from Mauritius as treaty benefits in both cases are almost similar, experts said.

The I-T rules provide that GAAR provisions shall not be applicable to any FPI in case it chooses not to avail tax-treaty benefits, among ot...

FIIs are worried that the tax department might send notices on bonus shares and convertible shares issued on the underlying security held b...

CBDT has put in place a two-stage approval process for initiating Gaar to ensure that the anti-abuse framework is implemented in a “fair an...

FPIs are worried that benefits under the amended treaties for derivatives & debt instruments may be questioned under Gaar, which will take ...

GAAR will also override the provisions of tax treaties entered into by India with other countries. In fact, the recently signed protocol wi...

Industry trackers say some smaller FPIs investing in India through Mauritius are looking at increasing the number of employees in the islan...

Hong Kong-based ASIFMA also said that India's tax system is "complex" and "operationally burdensome" to comply with.

On the other hand, if exemption is retained, FPIs will still have the uncertainty concern of not knowing if it satisfies GAAR from April 1.

"GAAR is an anti-abuse provision. It applies in all those cases where you are able to establish through process of adjudication some sort o...

Hasmukh Adhia said the amendment to the DTAC is about companies coming through Mauritius. "P-Notes is a separate decision. It is not linked...

FPIs have voiced concerns before Sebi about the fate of the Mauritius treaty which the govt is renegotiating with the tax haven.

No matter how strongly some members of the govt feel about treaty shopping by tax evading investors, they can't junk the treaty.