NRIs Pay Zero Tax on Indian Mutual Fund Gains: A New Era for Cross-Border Investing
For many Non-Resident Indians (NRIs), investing in Indian mutual funds has always come with a layer of tax uncertainty and complexity. Now, a groundbreaking ruling from India’s Income Tax Appellate Tribunal (ITAT) has transformed the landscape, ensuring that NRIs living in countries with favorable tax treaties can enjoy tax-free gains on their Indian mutual fund investments. This decisive verdict separates mutual funds from stocks under tax laws, opening doors for NRIs to grow their wealth in India without the burden of capital gains tax back home. For global investors seeking to maximize returns while staying compliant, this ruling isn’t just a tax relief. It’s a powerful incentive to revisit India’s thriving mutual fund market.
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