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UAE NRIs weigh investment options as India plans stock tax changes

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Gulf News
“UAE NRIs weigh investment options as India plans stock tax changes”

Dubai: UAE-based NRIs who own Indian shares face uncertainty over how much tax they will pay when they sell after Finance Minister Nirmala Sitharaman said she would consider investors’ concerns about stock market levies. She gave no indication of which tax the government might change or whether any relief would cover shares investors already hold. Speaking at an event this week, Sitharaman acknowledged anxiety among retail investors as a prolonged selloff intensified calls for a review. “I…

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