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NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance

Money & Investments

14 Apr 2025 07:56 AM 1.8k views

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

In a ruling that could significantly influence the tax liabilities of Non-Resident Indians (NRIs) investing in Indian mutual funds, the Income Tax Appellate Tribunal (ITAT), Mumbai bench, has determined that capital gains earned by NRIs on the redemption of mutual fund units are not taxable in India. This decision was delivered in a case involving a Singapore-based NRI who had declared short-term capital gains from mutual fund investments but claimed exemption under the Double Taxation Avoidance

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#india-singapore-dtaa

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

Texas Attorney General alleges EPIC City violated state and federal securities laws

Trump and world leaders congratulate PM Modi on record tenure

PM Modi Urges Early Rollout of Women's Reservation Act Before 2029 Elections

PM Modi expresses gratitude to Trump after US cuts tariffs on Indian goods

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Texas Attorney General alleges EPIC City violated state and federal securities laws

Trump and world leaders congratulate PM Modi on record tenure

PM Modi Urges Early Rollout of Women's Reservation Act Before 2029 Elections

PM Modi expresses gratitude to Trump after US cuts tariffs on Indian goods

India Set to Buy Five More Russian S‑400 Air Defence Squadrons After Operation Sindoor Success

Fitness and Nutrition:

Oversleeping Can Harm Your Health: Risks Include Heart Disease, Diabetes, Depression and More

Austin Fire That Killed 3 and Injured 3 Others Investigated as Arson

Columbus car accident sends three people to hospital, police say investigation continues

Tungabhadra Water Row: Harish Rao Questions Revanth

#india-singapore-dtaa

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

NRIs Not Liable for Capital Gains Tax on Mutual Fund Sales in India, Rules ITAT

Texas Attorney General alleges EPIC City violated state and federal securities laws

Trump and world leaders congratulate PM Modi on record tenure

PM Modi Urges Early Rollout of Women's Reservation Act Before 2029 Elections

PM Modi expresses gratitude to Trump after US cuts tariffs on Indian goods

India Set to Buy Five More Russian S‑400 Air Defence Squadrons After Operation Sindoor Success

Fitness and Nutrition:

Oversleeping Can Harm Your Health: Risks Include Heart Disease, Diabetes, Depression and More

Austin Fire That Killed 3 and Injured 3 Others Investigated as Arson

Columbus car accident sends three people to hospital, police say investigation continues

Tungabhadra Water Row: Harish Rao Questions Revanth

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