Ch.8 · Capital Gains Tax on Mutual Funds · hard
What is the 'DTAA benefit' for Mauritius-based investors in Indian mutual funds?
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EXPLANATION
The India-Mauritius DTAA was historically significant — Mauritius route investors had nil/low capital gains tax on Indian equities. The 2016 protocol amendment phased out this benefit: from April 2017 to March 2019 (transitional period with 50% of Indian rate), and from April 2019 India can fully tax capital gains of Mauritius residents. The historical 'Mauritius route' is now significantly less advantageous.
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