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bipluv jhingan

Bipluv Jhingan

It is estimated that in 2021, India’s population of Ultra High Net-worth Individuals (“UHNIs”) (i.e., individuals owning assets worth more than USD 30 million/ INR 226 crore) grew by 11 per cent.

Budget 2023: Roadmap for attracting global UHNIs to India

by Kunal Savani |Jan 25, 2023

Recent trends have also shown an uptick in the number of UHNIs exploring family office structures to manage their wealth.

To provide parity in tax rates to HNIs and UHNIs, on various classes of capital assets, the Budget has proposed to cap the surcharge at 15% for long-term capital gains arising from any kind of asset.

Benefit for UHNIs/HNIs in the fine print of Budget 2022

by Kunal Savani |Feb 6, 2022

The surcharge on certain incomes such as dividends and capital gains arising from the on-market sale of equity shares and certain other securities is already capped at 15%.