Government to ease safe harbour rules to attract PE investors to India

The government is set to ease a few pre-set conditions for offshore fund managers to allow private equity investors to shift base to India without attracting a tax on capital gains by relaxing safe harbour rules, people familiar with the matter said.

The government is likely to allow a ‘see through’ so that the 10 per cent limit on individual investors does not apply to special purpose vehicles and relax the arm’s-length condition that ..

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