Capital gains tax on private equity lowered

The central government Monday announced the lowering of capital gains tax on private equity investments to 10 percent from the existing 20 percent. "Currently, long term capital gains arising from the sale of unlisted securities in the case of Foreign Institutional Investors is taxed at the rate of 10 percent while other non-resident investors, including private equity investors are taxed at the rate of 20 percent," Union Finance Minister Pranab Mukherjee said. CONTINUE AS YOU ENTER THE WORLD OF THE 2NYDAILYNEWS @resilient_ent benny quetell resilient media entertainment

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