Capital Gains arising on Mutual Fund Investments of Non Residents not Taxable in India: ITAT [Read Order]
In light of tax treaties with countries such as Singapore, the United Arab Emirates, Spain, Portugal, the Netherlands, and Mauritius, the gains on capital assets other than immovable property and share investments are only subject to taxation in the nation in which the individual resides
In a landmark ruling, the Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) has held that in view of Article 13 of DTAA between India and Singapore, the Capital Gains arising on mutual fund investments in hand of non residents is not taxable in India. Anushka Sanjay Shah , the assessee against the order of…
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