New Delhi: In a significant move aimed at strengthening foreign capital inflows and easing pressure on the balance of payments, the Centre has scrapped capital gains tax as well as withholding tax on Foreign Institutional Investor (FII) investments in government bonds, according to official sources. The decision comes amid concerns over a widening BoP deficit … Continue reading Centre Removes Capital Gains and Interest Tax on FII Investment in Govt Bonds to Attract Foreign Funds