Tax on NRI MF Investment In India

 

How are NRI MF investors taxed?

 

In the case of NRI investors the short-term and long-term capital gain taxes will be deducted at the time of redemption

 The short-term and long-term capital gains taxes on mutual funds are the same for Non Resident Indians (NRIs) and Indian investors. The only difference is that in the case of NRI investors the short-term and long-term capital gain taxes will be deducted at the time of redemption. The Double Taxation Avoidance Agreement (DTAA) should help NRI investors to avoid double taxation of the same income in India and their resident country.

 

Short-term capital gains

Debt: If investments are sold before three years, gains are added to the income and taxed at Income Tax slab applicable to the investor.

Equity: If investments are sold before a year, gains are taxed at 15 per cent

Long-term capital gains

Debt: If investments are sold after three years, gains are taxed at 20 per cent with indexation benefit.

Equity: If investments are sold after a year, nil tax on gains.

-----------------------------------------------

Invest Rs 1,50,000 and Save Tax under Section 80C. Get Great Returns by Investing in Best Performing ELSS Mutual Funds

Top 10 Tax Saving Mutual Funds to invest in India for 2016

Best 10 ELSS Mutual Funds in india for 2016

1. BNP Paribas Long Term Equity Fund

2. Axis Tax Saver Fund

3. Franklin India TaxShield

4. ICICI Prudential Long Term Equity Fund

5. IDFC Tax Advantage (ELSS) Fund

6. Birla Sun Life Tax Relief 96

7. DSP BlackRock Tax Saver Fund

8. Reliance Tax Saver (ELSS) Fund

9. Religare Tax Plan

10. Birla Sun Life Tax Plan

Invest in Best Performing 2016 Tax Saver Mutual Funds Online

Invest Online

Download Application Forms

For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

---------------------------------------------

Leave your comment with mail ID and we will answer them

OR

You can write to us at

PrajnaCapital [at] Gmail [dot] Com

OR

Leave a missed Call on 94 8300 8300

-----------------------------------------------