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india singapore dtaa mutual funds

For some NRIs, capital gains from Indian mutual funds are tax-free
  • Personal Finance

For some NRIs, capital gains from Indian mutual funds are tax-free

TheSpuzz Desk1 month ago012 mins

Source: Live Mint “Mutual funds are not defined as shares in the treaty as well as in the Income Tax Act, so the taxpayer got the benefit,” said Mayank Mohanka, founder of TaxAaram India. Here’s a closer look at the residual clause of DTAAs that exempt mutual funds from capital gains tax, which countries’ DTAAs…

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