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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