NRI woman earns Rs 1.35 crore from mutual funds, pays zero tax in India, gets income tax notice: How India-Singapore DTAA saved her
A woman residing in Singapore for tax purposes successfully challenged a denial of capital gains exemption on investments sold in India, with the Income Tax Appellate Tribunal (ITAT) Mumbai ruling in her favor. The dispute centered on the application of the India-Singapore Double Taxation Avoidance Agreement (DTAA) and whether gains from mutual fund units should … Read more