Taxes on NRI Investors in Mutual Funds

[rckaushal]

Dear Financial Gurus,

I am NRI and have invested a bit in Indian Mutual Funds [MF]. I just wanted to know if the NRIs are treated differently than resident Indians for taxing their gains through MFs.

I know about the short term capital gain, according to which we are not taxed if we redeem MFs after one year of their purchase.

I shall be grateful if financial Gurus throw some light on taxes for NRIs.

Thanks and Warm regards

R.C.Kaushal