The Economic Times News

NRI woman earns Rs 1.35 crore from mutual funds, pays zero tax in India, gets income tax notice: How India-Singapore DTAA saved her

A Singapore-based NRI woman earned Rs 1.35 crore from selling Indian mutual funds. She claimed tax exemption under the India-Singapore DTAA. The tax department rejected her claim, but the Income Tax Appellate Tribunal (ITAT) Mumbai ruled in her favour. Know how she won the case in ITAT Mumbai.