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
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