Flipkart investor’s stake sale a bid to avoid tax: Authority of Advance Ruling

The AAR Mumbai bench’s decision means other investments that were routed through Mauritius too could come under the scrutiny of tax authorities in India if the investors seek to claim benefits under the grandfathering clause. This clause allows investors to seek tax exemption on investments made prior to 2016.

from Economy-News-Economic Times https://ift.tt/30eyKEX