According to the
Moreover, the tax function will be critical in determining those players in the market who will be best positioned to win greater share of business in the next five years.
In-house asset management tax teams will need to evolve to deal with perpetual audits and to engage with tax authorities regularly to influence policy.
The report noted that as
By 2020, tax authorities would have specialist teams with the capabilities to carry out much more detailed enquiries than in the past, and the powers to request real-time investor-related information.
(Image: Indiatimes)