The reworked Indian-Mauritius tax treaty is not going to impact foreign flows into the country but will help provide a level-playing field to investments from across the globe, revenue secretary Hasmukh Adhia said on Tuesday.
“It will not at all affect FII inflows since both portfolio and FDI inflows come to a country due to the attractiveness of the market.India is an attractive market. While plugging the tax planning route, we have also ensured that there is grandfathering of the benefits. In the short-term, inflows should actually go up (since the new terms come into effect from next April),” Adhia told TOI.
Source: Times of India