India mulls exemption of PAN for foreign investors directly investing in capital markets
by Deepshikha Sikarwar, ET Bureau Sep 7, 2012, 06.44AM IST
NEW DELHI: India may exempt individual foreign investors and trusts that invest directly in the capital markets from the need to acquire a Permanent Account Number (PAN), a mandatory requirement for all tax payers. In January this year the government allowed individual foreign investors, such as family offices that manage the investments of wealthy families, to invest directly in Indian debt and equity through the qualified investor route (QFI).
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