Spell It Out A Hong Kong-based grouping of FPIs, banks has sought a meeting with India's revenue secretary to clear up fears of additional taxation due to ambiguity on India-Singapore treaty, GAAR Foreign portfolio investors (FPIs) are lobbying the government to resolve problems related to the India-Singapore tax treaty and general anti-avoidance rules (GAAR), worried about their investment in equities. FPIs fear after April 1, 2017, when both the renegotiated India-Singapore treaty and GAAR come into force, they will face challenges. One relates to double taxation in India and their home country . The Asia Securities Industry & Financial Markets Association (ASIFMA), a Hong Kong-based grouping of FPIs and global banks, has written to the government and sought a meeting with the revenue secretary .They say there is ambiguity on the tax treaty and lack of clarity on how FPIs would be taxed under GAAR. One of the suggestions they've made is radical -abolish capital