Taxation on International ETF (but Fundhouse based in India for Indian Resident)

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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

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Quick Summary
This discussion clarifies the tax treatment for Indian residents investing in international ETFs, even if the fund house is based in India. It specifically addresses the tax implications for investments made before April 1, 2023, held for less than three years, and how to correctly report short-term capital gains in ITR2 Schedule CG. The advice indicates these are generally treated as non-equity units for tax purposes.

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

 

 

Seventh Option.                  

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