Taxes on NRI Investors in Mutual Funds

#1
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
 
#3
Thanx.

Could you kindly enlighten me:

Are all mutual funds qualify as "equity schemes". If so, then what are Debt schemes?

This is my query as debt schemes attract a heavy rate of tax, as i could derive from reliancemutual.com. Also please name a few debt schemes to help me avoid those schemes.




Short term Long term
Equity 11.33% NIL
Debt 33.99% 22.66%

Thanks once again
 
#4
More then 65% in equity, quilify for Equity scheme.

debt fund; if you invest more then one year( long term) then 10% tax is applicable but I am not sure. If I am wrong some one should correct me.
 

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