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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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#itat-ruling

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

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Vladimir Putin May Visit India

Jagan Injured In Stone Attack: What did KTR, Sharmila, Modi say?

H-1B Visa Fee Case Faces Setback After Court Upholds US Government Decision

Massive Ukrainian Drone Attack on Moscow Kills One, Injures Three Amid Rising Tensions

Pentagon reverts Indo-Pacific Command to US Pacific Command title

Modi Meets Iranian President Pezeshkian Amid West Asia Tensions at BRICS Summit

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Iran and US Accuse Each Other of Violating Ceasefire in Strait of Hormuz

Tamil Nadu Higher Education Push Puts Village Students In Focus

US–Venezuela crisis – Trump claims large-scale U.S. strikes in Venezuela, says Maduro and wife captured

#itat-ruling

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

Vladimir Putin May Visit India

Jagan Injured In Stone Attack: What did KTR, Sharmila, Modi say?

H-1B Visa Fee Case Faces Setback After Court Upholds US Government Decision

Massive Ukrainian Drone Attack on Moscow Kills One, Injures Three Amid Rising Tensions

Pentagon reverts Indo-Pacific Command to US Pacific Command title

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