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Mauritius issue begins to haunt foreign investors as FPIs pull out nearly $1 billion from Indian stocks

India and Mauritius have agreed to a protocol to alter a double taxation avoidance agreement (DTAA) stating that tax relief cannot be for the indirect benefit of residents of another country. As a result, all FPIs will have to examine whether they have enough commercial rationale to be based in Mauritius when the tax scrutiny happens.

Mauritius , India , Punit-shah , Rajesh-gandhi , Motilal-oswal-financial-services , Dalal-street , Siddhartha-khemka , Motilal-oswal-financial , Fpi , Fpi-outflows , Market-crash , Market-crash-news