India Withdraws Capital Gain Exemption Allowed to Singapore Residents !

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Are you thinking that there is some error in the headline ? or Maybe thinking that the title of the article should have been “India withdraws Capital gains benefit from Mauritius based Investors “. If you are thinking so, read on .This is quite surprising and interesting news for you .

There is no error in the headline. Yes, the government of India has issued press release that that it has signed a new DTAA with the Mauritius government under which the investors from that country will have to pay capital gains on the sale of shares ( unlisted and listed shares below one year holding) after 1st April 2019 . So , it is good to know that same treatment shall be given to an investor from Singapore

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