Mauritius Treaty

It would be interesting to see whether the DTAA's modification will have a provision on capital gains akin to the Mauritius Treaty, whereby any investment made by a foreign institutional investor before March 31 2017, will enjoy full capital gain exemptions, says Abhishek Goenka, Partner At PwC.

Nifty upside capped at 7,900; +ve on financials barring PSBs: PL

Dilip Bhat says that a combination of recent reforms like the Mauritius Treaty, P-Note amendment and a possible US Fed rate hike in June have been overwhelming for the market in the short term.

India to renegotiate tax treaty with Singapore: Arun Jaitley

India on May 10 amended the 34-year-old tax treaty with Mauritius. After toiling for almost a decade to redraw the treaty, India will begin imposing capital gains tax on investments in shares through Mauritius from April next onwards.

Satisfied by FinMin clarification on TRC, says Samir Arora

Samir Arora, fund manager, Helios Capital, says that a fact needs to be appreciated that the government has become very responsive. He is of the view that volatility in the market can be avoided if a more careful approach is adopted.

Breaking 200 DMA, next support is at 4950, says Nirmal Jain

The Nifty has already broken below the 200 DMA and market watchers are now hoping that it finds support at this key level. Any more lower and it could be worrisome, says Nirmal Jain, chairman of IIFL.

The Mauritius Advantage

By: Amit Rana, VP – Tax, GE (India)

Market was anyway poised for a breakdown: Udayan

Udayan Mukherjee of CNBC-TV18 says that the Mauritius treaty issue was just a trigger point for the market that was waiting for a breakdown.