Ltcg
This query is : Open
amit kapadia
(Querist)
12 August 2014
LTCG on mutual fund sale by NRi is taxable or not?
Vaibhav Sharma
(Expert)
12 August 2014
hi,
1.If Equity Schemes- NIL (NO Tax LTCG)
2. Other than Equity MF (Listed)- 10%without Indexation and 20% with Indexation (whichever is lower) + surcharge + education + Higher Education cess
3. If Other than equity MF (NON Listed)- 10% without indexation +surcharge + education + higher education cess (Indexation not allowed)
NOTE:- The tax rates are subject to DTAA benefits available to NRI’s. As per the Finance Act 2013, submission of tax residency certificate (“TRC”) will be necessary for granting Double Taxation Avoidance Agreement (“DTAA”) benefits to non-residents.
Surcharge at the rate of 10% shall be levied in case of individual / HUF unit holders where their income exceeds Rs 1 crore.
1.If Equity Schemes- NIL (NO Tax LTCG)
2. Other than Equity MF (Listed)- 10%without Indexation and 20% with Indexation (whichever is lower) + surcharge + education + Higher Education cess
3. If Other than equity MF (NON Listed)- 10% without indexation +surcharge + education + higher education cess (Indexation not allowed)
NOTE:- The tax rates are subject to DTAA benefits available to NRI’s. As per the Finance Act 2013, submission of tax residency certificate (“TRC”) will be necessary for granting Double Taxation Avoidance Agreement (“DTAA”) benefits to non-residents.
Surcharge at the rate of 10% shall be levied in case of individual / HUF unit holders where their income exceeds Rs 1 crore.
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