Background – Capital Gain Taxation on Mutual Funds – DTAA Between India and Singapore Many Non-residents (NRIs, OCIs, Others) do investment in India in stock markets (Shares, Mutual funds). As per Income Tax Act of India, taxation on sale of shares or mutual funds is taxable under the head capital gains India. Under domestic law provisions, tax rates on this capital gain income vary according to long term or short term.  However, under India Singapore DTAA, taxation of Mutual Funds…