Pre-Budget Quote on lowering the TCS on overseas investments to boost capital mobility and global market participation by Mayuresh Kini, Principal Officer, Zinc Financial Advisors
Below the Quote on Pre-Budget Expectations by Mayuresh Kini, Principal Officer, Zinc Financial Advisors
"The current 20% TCS on overseas investments above INR 700,000 per financial year should be reduced to further enhance capital mobility while ensuring transparency. A reduction to 5% would still serve the objective of tracking financial flows without adding undue financial strain. A balanced approach will encourage Indian entrepreneurs and investors to engage more actively in global markets, contributing to long-term economic growth."
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