Indian regulator clarifies banks, brokers not liable for offshore funds' tax dues, sources say
Indian banks and brokers will not be liable for taxes owed by local representatives of offshore funds, the markets regulator clarified on Wednesday, two sources with direct knowledge of the matter said, lifting a hurdle that had delayed fund launches.
Indian banks and brokers will not be liable for taxes owed by local representatives of offshore funds, the markets regulator clarified on Wednesday, two sources with direct knowledge of the matter said, lifting a hurdle that had delayed fund launches.
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