Does mutual fund investment by NRIs attract double taxation?

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No, NRI investors don't have to pay double taxation.

If India has signed the Double Taxation Avoidance Treaty (DTAA) with your current country of residence then you have to only pay the balance of taxes, in case taxes are higher than India, in your current country of residence.

Example: Say you pay STCG at 15% in India and the taxes for the same instrument is 25% in your present country of residence then in that case you have to pay only the balance i.e. (25%-15%) 10%.


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