Surcharge hike on India’s rich sharpens focus on tax efficiency: Sanctum WM

15 July 2019 | 5 minutes read

In the wake of India’s proposal to raise income tax surcharges on high net worth individuals (HNIs) in its latest Union Budget, Prateek Pant, head of products and solutions at Sanctum Wealth Management envisions that HNI investment preferences could shift towards more tax-efficient solutions. “It is estimated that about 100,000 individuals comprising business promoters and top-end professionals — including CXOs…

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