1. PFIC Rules and Partnership Election PFIC (Passive Foreign Investment Company) rules typically apply to foreign mutual funds, like Indian AIFs, due to their structure and passive income focus. IRS Form 8832 allows an Indian… Read More »US NRI Investment in Indian AIFs: Understanding K1 Forms and Tax Compliance

Here’s a breakdown of Sharia-compliant funds for Muslim investors: 1. What Are Sharia-Compliant Funds? Sharia-compliant funds strictly follow Islamic law (Sharia) to ensure ethical and permissible investments. These funds avoid investments in sectors that are… Read More »Sharia-Compliant Funds: A Comprehensive Guide for Muslim Investors

Here’s how wealthy Indians are minimizing their tax liabilities on mutual fund capital gains: 1. Double Tax Avoidance Agreement (DTAA) DTAA prevents double taxation on the same income—once in India and once in the country… Read More »Wealthy Indians’ Secret Hack for Tax-Free Capital Gains on Mutual Funds: A Look at the Dubai Strategy