Show Taxation of Debt Fund's and FOF's Investing in US ETF's in the ITR2 Form

Report debt fund gains under "Capital Gains" in ITR2.

Specify gains from debt funds in the relevant sections for short-term or long-term capital gains depending on holding period.

2.STCG and LTCG from FOF Mutual Funds investing in US ETFs are treated as capital gains. 

Report in "Capital Gains" section of ITR2.

Short term capital gains (STCG): Taxed as per applicable slab rates.

Long-Term Capital Gains (LTCG): Taxed at 20% with indexation benefits for domestic funds. For FOFs investing in international ETFs like US ETFs, tax treatment may depend on specifics of the fund.