A new income tax bill threatens to increase taxes for Indian promoters and family offices using LLPs for investments. The proposed law expands the scope of the Alternative Minimum Tax (AMT) on LLPs, potentially raising the tax rate on profits from the sale of securities from 12.5% to 18.5%, impacting investment entities regardless of claimed deductions.
Why FIIs are dumping bluechips to hunt small & midcaps
Foreign institutional investors are shifting their focus from India’s top blue-chip stocks to a wider array of mid- and small-cap companies. This strategic repositioning is