What are the tax implications if someone has invested in mutual funds that invest in foreign stocks like Mirae Asset NYSE FANG+ ETF (which invest in US equities). If investment is made before 1 april 2023 and held for less than three years. Note that fund house is based in INDIA and the taxed individual is Indian Resident.
Also I request to explain how to fill it in ITR2
In Schedule CG. select short term u/s. 111 IT act, add the details in it.
Does that mean Short term Capital Gain treated as equities? Please clarify.
No, it is for Non-equity based units...
Under which header of Schedule Capital Gains in the following list, ETF MAFANG (which invest in US equities) be taxed
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Seventh Option.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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