Mutual Funds earned by a Singapore resident is not taxable in India unlike shares: ITAT Mumbai Anushaka Sanjay Shah (Ms) v. ITO (IT) (ITAT Mumbai) (IT(IT)A No.174/MUM/2025) Facts: 1. The core dispute pertains to the taxability in India of short-term capital gains arising from mutual fund redemptions (both equity and debt), totaling Rs. 1,35,66,368. 2. …
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