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India will tax investments in debt mutual funds as short-term capital gains and royalty payouts by local arms of multinational companies at a higher rate, while offering marginal relief to individual taxpayers under the new income tax regime.
India will play a greater role in Volkswagen Group’s global operations amid global developments that are pushing the European auto giant to explore strategic growth opportunities in emerging countries.
Debt MFs will be taxed like other fixed income instruments from April 1.
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