- Tax rates differ and that is the whole purpose of the Parameterization of Tax rates in the Excel. People can put what is applicable or what they are comfortable with. Price is rarely set by marginal investor. It is the biggies like FIIs that decide the price and that is the reason, the correction is not as much as the one in the table that I had given. But looking at the rates, if the regular investor buys, without knowing where the tax impact is, he will be in trouble and the Excel is supposed to create the awareness.
- The table is a replica of what was in the past but post tax, what will happen, if they stick to the same method of distribution. History if anything has revealed that there is not much change in the distribution. This view is needed since SPVs will take time to restructure, and whereas I expect the tax to be immediately implantable from coming FY.
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