News From Press Explained: Will NRIs be liable for capital gains tax on mutual fund sales in India?

Explained: Will NRIs be liable for capital gains tax on mutual fund sales in India?

Source: ET Apr 15, 2025

The short-term capital gains amounting to Rs 1.35 crore, arising from the redemption of mutual fund units, are not taxable in India for the Non-Resident Indian (NRI) investors under the India-Singapore tax treaty. This came as a relief for the NRI investors as the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) eased out the rule.

Click here to read more.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

More articles you may wish to read

Mutual Fund investment: Why halting your SIPs doesn't make sense even during market dips

Gold’s Rs 1-lakh milestone: What does it signal for portfolio diversification?

Despite Friday's crash, Sensex is up over 6,000 points from April’s low. Time to reconsider your SIP strategy?

Mutual funds best choice for retail investment but avoid thematic funds: BSE chief

Industry for insurance repository offering claim-related services

Insurance for Electric Vehicles: A complete guide to ideal coverage and premium savings

How much will you pay to study in top destinations?

How much gold should investors hold in their portfolios?

Equity mutual funds lag on risk-adjusted basis during five-year period

Victim of insurance mis-selling? You are entitled to get a full refund, rules NCDRC

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

How will the US tariffs impact the Indian economy over one year?

Indian economy will be negatively impacted

There will be little or no impact on Indian economy

Indian economy will be positively impacted

EVENTS