Moneycontrol
Mar 28, 2012 03:53 PM IST | Source: CNBC-TV18

GAAR: FIIs will flee to Singapore, says HP Ranina

HP Ranina, corporate tax lawyer spoke to CNBC-TV18 about the contours of applicability of GAAR.

HP Ranina, corporate tax lawyer spoke to CNBC-TV18 about the contours of applicability of GAAR. He says that though P-notes will not be targeted, FIIs are likely to move away to Singapore. India does not have a DTAA with Singapore yet.

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