The general anti-avoidance rules will now apply as Dr Shome had said from the year 2016-2017 and it will not apply to Foreign Institutional Investors (FIIs) and Non Resident Indians (NRIs). In an interview to CNBC-TV18, Aliff Fazelbhoy of ALMT Legal said that it will increase FII investment through GAAR.
first published: Jan 14, 2013 04:02 pm
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