https://www.taxtmi.com/caselaws?id=243911 Mutual fund units are not treated as shares of an Indian company absent a specific statutory deeming provision. The treaty provisions on gains from alienation of shares therefore do not apply to their sale by a non-resident resident in Switzerland. As a result, the capital gains fall within the residuary provision for gains from alienation of property other than that specifically covered by the earlier paragraphs, and are not taxable in India under the India-Switzerland tax treaty. en-us Wed, 14 Aug 2013 00:00:00 +0530 Thu, 13 Feb 2014 08:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243911 Mutual fund units are not treated as shares of an Indian company absent a specific statutory deeming provision. The treaty provisions on gains from alienation of shares therefore do not apply to their sale by a non-resident resident in Switzerland. As a result, the capital gains fall within the residuary provision for gains from alienation of property other than that specifically covered by the earlier paragraphs, and are not taxable in India under the India-Switzerland tax treaty. Case-Laws Income Tax Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243911