"MIS funds will now have to prove that at least 70 per cent of the investment is for actual tree plantations, or their investors lose the full tax deductibility."
MIS funds have to spend 10-15% of the funds on commissions and marketing so far. Now they have to spend at least 70% on actual plantations, thus the profit margin (before tax) left will likely be decimated from present up to 38% for GTP.
"MIS funds will now have to prove that at least 70 per cent of...
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