India continues to attract significant interest from Non-Resident Indians (NRIs), not just because of its long-term growth potential but also due to the tax efficiencies available under certain Double Taxation Avoidance Agreements (DTAAs).
One such provision, which has sparked considerable discussion on social media, allows eligible NRIs residing in countries such as Dubai (UAE), Singapore and Mauritius to pay no capital gains tax in India on mutual fund investments, subject to the provisions of the applicable tax treaty.
