Taxman: Taxman asks FPIs to share info on signatories, justify treaty relief

Mumbai: Around a dozen foreign portfolio investors (FPIs) have been asked by the income tax (I-T) department in the last one month to share the identities of authorised signatories of their bank accounts as well as justify the treaty benefits claimed by them. If the signatories are residents, the tax office, some feel, may question … Read more