business

GAAR confusion to keep mkt under pressure: Alchemy Cap

Lack of clarity on the General Anti-Avoidance Rules (GAAR) provisions has brought a lot of uncertainty in the minds foreign institutional investors (FIIs), said Hiren Ved, chief investment officer, Alchemy Capital Management. He sees a likelihood of FIIs shelling out 15% cap gains on short-term capital gains.

first published: Mar 27, 2012 09:42 am