Smartian Capital Financial Insights - Monthly Newsletter: January 2025







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Global Markets Under Pressure How the US–Iran War Is Shaking Global Financial Markets.

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  Global financial markets are once again facing uncertainty as geopolitical tensions escalate in the Middle East. The ongoing conflict involving the Uni t ed  State s   and  Ira n  ha s  trig gered  s ig n if i cant volatility across c ommo dities,  curre ncies and  stock markets worldwide. From rising  crud e  oi l prices t o f alli ng equity markets, the economic consequences of the war are already visible across global financial systems. For investors and policymakers alike, understanding the ripple effects of this conflict is essential in navigating the uncertain investment landscape. Oil Prices Surge: The Core of the Crisis The most immediate impact of the US–Iran war has been seen in the energy market. Iran sits near the Strait of Hormuz, a critical route through which a large portion of the world's oil supply passes. Any disruption in this region can significantly affect global energy supply. Recent attacks on oil infrastruc...
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Are NRI Clients Exempt from Paying Capital Gains Tax in India?

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Non - Resident Indians (NRIs) often invest in Indian Financial instruments like Mutual Funds and Stocks. However, the Tax Treatment of Capital Gains depends on their country of residence and whether india has a Double Taxation Avoidance Agreement (DTAA) with that country. Here's breakdown of how NRIs can benefit from tax exemptions. Key Points About Capital Gains Tax for NRIs : 1. Exemption for NRIs Residing in DTAA Countries NRIs residing in countries that have a DTAA with India (e.g., UAE, Singapore, Mauritius) are exempt from paying capital gains tax on Mutual Fund Investments Structured as Trusts. The capital gains tax is levied only in the NRI's country of residence rather than India. 2. Tax Residency Certificate (TRC) is Mandatory To avail of DTAA benefits, NRIs must submit a valid  Tax Residency Certificate (TRC) issued by their country of residence.  The TRC serves as proof that the individual qualifies for DTAA based tax exemptions. 3. Applicability of DTAA Benefits M...
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