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 from equity mutual funds for the financial year 2021–22.

More To Explore

Dollar rides high on Fed rate-hike bets

The US dollar is experiencing a significant surge, reaching multi-month highs against major currencies like the euro and yen. This strength is fueled by expectations