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India – 2018 Developments for Foreign Investors
19 April 2018
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Although India’s central budget for 2018-19 places emphasis on the domestic audience as the country prepares for general elections in 2019, the budget contains several provisions that are important for foreign investors.
Long-term capital gains on the post-March 31, 2018 sale of listed securities held for more than one year are subject to a 10% tax rate. In addition, recent amendments to tax treaties make it more difficult for foreign investors to be exempt from the new tax.
The Indian government announced an increase in its allocations for the national defence budget and the Digital India programme, encouraging the development of robotics and artificial intelligence.
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