In a gazette note dated March 31, the finance ministry said that gains from investments made before April 2017 would not be subject to any scrutiny under anti-tax avoidance rules
The new rules are expected to offer a major reprieve for global VC and PE firms and allay fears of retrospective taxation in the country
This comes barely four months after the SC ruled against PE giant Tiger Global in a tax liability case related to the sale of its stake in Flipkart in…

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