Experts say govt will first have to build a clear tax and legal structure before attempting to recover money from such investors, as it may override, and in some cases, even violate bilateral tax treaties
The circular had said that purchase and sale of shares with the motive of earning a profit would result in the transaction being in the nature of trade, and earnings would be considered as business income
The regulation says research analyst needs to disclose holding of their ‘relatives’. But analysts remain unsure about who could be included in that bracket...
