Sat, Aug 03, 2019
The rationale behind such an increase in surcharge is reportedly to levy a higher surcharge only on high net worth individuals (HNIs) to garner more revenues in tax falling scenario, but it has sent jitters among FPIs, and partially triggered the subsequent crash in the stock market.
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Thu, Jul 28, 2016
Morover, the boom in e-commerce and technology sector have created many relatively young ultra HNIs who have sky-high aspirations and desires when it comes to luxury in their lifestyle.
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