By the very nature of their status as non
residents they are likely to be covered by the laws of at least two countries, one country
of which they are residents and second where such persons are earning income as non
residents. It is, therefore, essential to know the manner in which income earned by them
will be taxed whether in the country of their residence or the country where income is
earned.
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-COMPREHENSIVE ECONOMIC COOPERATION AGREEMENT BETWEEN THE REPUBLIC OF INDIA AND THE REPUBLIC OF SINGAPORE 2005
No Tax in India for
Mauritius FIIS - SC
According to Double Taxation Avoidance Act
between India and Mauritius, Capital Gains arising from sale of
shares is taxable in the country of residence of the shareholder
and not in the country of residence of the Company whose shares
have been sold .......
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