How Mauritius India Tax Treaty change affect Stock Market
As of Now If FII invest in Indian companies and if you sell them in
profit before 1 year , You need to pay capital gain tax to Indian
Goverment as all Indian do.
But if money is coming from Mauritius via P-Notes than you do not have to pay capital gain tax as per Double Taxation Avoidance Agreements (DTAAs)
Now it all changes after the amendment treaty signed yesterday between India and Mauritius.
Below are the Salient Feature
Source-based taxation of capital gains on shares: With this Protocol, India gets taxation rights on capital gains arising from alienation of shares acquired on or after 1st April,
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But if money is coming from Mauritius via P-Notes than you do not have to pay capital gain tax as per Double Taxation Avoidance Agreements (DTAAs)
Now it all changes after the amendment treaty signed yesterday between India and Mauritius.
Below are the Salient Feature
Source-based taxation of capital gains on shares: With this Protocol, India gets taxation rights on capital gains arising from alienation of shares acquired on or after 1st April,
posted by Bramesh at
9:08 AM
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