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Enhanced surcharge on foreign and domestic portfolio investors withdrawn

Aug 23, 2019 18:51 IST
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The government has withdrawn the enhanced surcharge levied on the foreign portfolio investment on long and short term capital gains. Surcharge on domestic investors has also been brought down to the pre-budget levels. Finance Minister Nirmala Sitharaman also announced that no angel tax would be imposed on startups and their investors if registered with the DPIIT.