Investment by an NRI in Equity Based Mutual Funds

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Investment by an NRI in Equity Based Mutual Funds

If an NRI invests in equity based mutual fund and stay invested for more than one year will he be liable to pay 1. Capital Gains Tax on redemption? 2. Tax on dividend if he chooses to invest in div payout schemes such as MIP?

Profile photo of Visakan S Asked By: Visakan S 1 replies 0 helpful answers Last Updated: 11 months, 2 weeks ago
  • Profile photo of Visakan SVisakan S
    Participant

    If an NRI invests in equity based mutual fund and stay invested for more than one year will he be liable to pay 1. Capital Gains Tax on redemption? 2. Tax on dividend if he chooses to invest in div payout schemes such as MIP?

  • Profile photo of Chetan ChandakChetan Chandak
    Moderator

    No the tax law doe not discriminate between resident and non resident tax payers with regards to taxation of capital gains or dividend from listed equity shares or equity oriented mutual funds. So you will not be required to pay any tax on such long term capital gain or dividend.

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