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India to tax capital gains for Singapore investors after amending treaty

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by December 30, 2016 General

Reuters  |  NEW DELHI 

(Reuters) – will start imposing capital gains on investments from from April 2017 and withdraw all exemptions in two years after the two countries agreed to amend a decade-old treaty, Minister Arun said on Friday.

With the amendments, investors based in will no longer benefit from exemptions on capital gains taxes. Changes to the treaty with the Asian financial centre had been widely expected.

(Reporting by Manoj Kumar; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

India to tax capital gains for Singapore investors after amending treaty

NEW DELHI (Reuters) – India will start imposing capital gains tax on investments from Singapore from April 2017 and withdraw all tax exemptions in two years after the two countries agreed to amend a decade-old treaty, Finance Minister Arun Jaitley said on Friday.

(Reuters) – will start imposing capital gains on investments from from April 2017 and withdraw all exemptions in two years after the two countries agreed to amend a decade-old treaty, Minister Arun said on Friday.

With the amendments, investors based in will no longer benefit from exemptions on capital gains taxes. Changes to the treaty with the Asian financial centre had been widely expected.

(Reporting by Manoj Kumar; Editing by Rafael Nam)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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