Market expert Shankar Sharma issued a cautionary note to Indian investors, criticizing a recent report from global brokerage firm CLSA that shifted its investment focus from China to India. In a post on X (formerly Twitter), Sharma labeled the report as a “trojan horse” and a “typical trap” for retail and domestic institutional investors (DIIs), warning against excessive optimism in the current market environment.
Explained: Will NRIs be liable for capital gains tax on mutual fund sales in India?
The case involved A Shah, a Singapore tax resident, who declared capital gains of Rs 88.75 lakh from debt mutual funds and Rs 46.91 lakh