Big Opportunity for NRIs: AIF Taxation Ruling | Alternative Investments | @AlphaAIF

AIF News: NRI Taxation Update Latest ITAT ruling could change taxation on Indian investments for NRIs! 💸 The Case: NRI Ms. Anushka Shah earned ₹1.35 crore from Indian mutual funds. ITAT ruled in her favor, citing mutual funds as trusts under DTAA. 📚 Why It Matters for AIF Investors: AIFs are also structured as trusts in India, similar to mutual funds. This could mean non-taxable capital gains for NRIs under DTAA! 🚀