Foreign investors worried over new Mauritius tax angle on PE funds - Economic Times

According to a private ruling by MRA, investment vehicles in Mauritius, used by global investors to enter India, will have to pay tax in Mauritius on 'capital gains' they receive from a PE or debt fund in India when the latter exits an investment.

Foreign investors betting on India by putting money into private equity (PE) funds here are taken aback by a recent observation by the Mauritius Revenue Authority (MRA), raising a hitherto ignored an… [+4254 chars]

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