India's Union Budget Cause a Threat to FPI's
To balance the given budget, the FPI trusts should provide non-tax reasons for modifying the structure under the GAAR. Investors could estimate the cost and benefits of alternative arrangement as a choice of a given structure governed by the local rules. If the current structure is modified that would lead to the transfer of current possession to another company.
It is been said that the government has intentionally increased the tax rate particularly for the FPIs; on the contrary the government officials deny this saying the surcharge has been increased for all super-rich individual and non-corporate entity regardless of whether they are domestic foreigner, FPI, or FII. In addition, they also stated that the surcharge has been increased for companies again irrespective of national or international.
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