Why Indian Supreme Court ruling on 2018 Flipkart sale is rattling traders | EUROtoday

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Delhi had modified tax guidelines in 2016, making positive aspects from the sale of Indian shares taxable even beneath treaties. Investments made earlier than 1 April 2017, nonetheless, had been exempted. Tiger Global mentioned its Flipkart investments predated the change and, due to this fact, certified for the exemption.

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