🚨 #Singapore woman made ₹1.35 CRORE from Indian Mututal Funds and Paid ₹0 TAX 🤯
A Singapore-based woman earned ₹1.35 Cr from Indian mutual funds and legally paid nothing in taxes.
The tax department objected.
ITAT Mumbai overturned it.
Here’s how the money stayed intact 👇
▪️🇮🇳🇸🇬#India –Singapore DTAA (Double Taxation Avoidance Agreement) kicked in
▪️Singapore doesn’t tax capital gains
▪️India lost taxing rights
▪️Singapore chose not to tax
Final earnings :
💰 Earnings: ₹1.35 Cr
🧾 Tax paid: ₹0