India’s rich need to spend more on luxury cars and global travel, but may have more to invest – Business Insider India | NutSocia

The Treasury Secretary lowered the maximum tax rate and that will encourage HNIs and UHNIs to invest more. Domestic and global AIFs based in GIFT City are also likely to benefit from the budget’s tax incentives, Crisil said. Imported luxury cars and international travel will become expensive and the withdrawal of capital gains from the … Read more