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Fintoo University

Why UAE NRIs Don’t Pay Capital Gains Tax On Mfs In India

byfintooFebruary 28, 2024

Non-resident Indians (NRIs), particularly those residing in the United Arab Emirates (UAE), enjoy significant tax benefits on their investments in mutual funds (MFs) in India. These benefits stem from a Double Taxation Avoidance Agreement (DTAA) signed between India and the UAE, providing relief from capital gains taxation. However, navigating these benefits requires a thorough understanding...