As per India/UAE DTAA Mutual fund capital gain can't be taxed in India subject if you provide TRC of staying in UAE. Whatever TDS is deducted can be claimed back, applying DTAA relief.
As always great content and clear advice from you. My question on this NRI taxation aspect is , if I invest in mutual funds from my NRE account, make a profit, pay taxes etc - will the profit post tax be credited to the NRE account? Or NRO and if NRO - can I transfer it painlessly to NRE?
I live in USA and planning to invest in India in MF thru my NRE account. MF asset class: Equity funds Duration: long term like 5 years. Net worth: Example less than 5cr after SIP and returns. After redeem I will need to pay 12.5% taxes in India. What is the process to transfer the redeemed money to USA after paying capital gains taxes in India? Should pay taxes in US also? Is it easy to transfer money after redeem and paying taxes in India?
Can you please discuss PFIC (Passive Foreign Investment Corporation) And form no 8621 for OCI who has Mutual Fund Investments in India And who files US Tax returns also.Do we have to pay Tax on Unrealized gains( I.e. Nav increases on year to year basis) even if we don’t redeem .It is very difficult to understand this concept.Please help us.Thank you.
Thanks for the nice informative video. May I know taxation about the tax-free bonus or amount on the Maturity of policies, 5,10,15 years? LIC or other., for NRI's?
I came across this video yesterday and found it very clear and informative. Can you make a video regarding stp for nri from USA and taxation in that case?
The taxation for Equity oriented funds for Residents and NRIs exactly same. Having TDS is not a problem. I don't understand that then how government benefits from NRIs ? Why there is cumbersome process for NRIs ? I saw some NRIs , investing in MF as Residents. Which is we should not do. But what can be complications to those people?
Crystal clear explanation. Is any tax identification number for UAE employees? Because while registering for Mutual fund investment, It asks Tax Identification Number.
Please advise the profit earned through stocks/mutual funds credited in NRO through NRO non PIS account are taxable. If yes how much are taxes to be paid in short term capital gains & long term capital gains? Please advise.
Thank you for the informative video. However, there is one correction. Non equity funds LTCG - indexation benefit is available only for listed schemes. Most of the debt funds and other non equity funds are not listed. This needs to be explained in the video.
Thank you for a great video. As an NRI, residing in Canada (Canadian passport with OCI), there will be Long Term Capital Gains tax upon the sale of mutual funds or stock + TDS. Do I get the TSD back while tax filing in India due to DTAA? How does it work? Kindly advise.
For Mutual Fund and share Market Investments which account is better NRE ? or NRO ? Is there any difference in these two account types, for Capital gain taxes ?
Sir,I am an NRI ,Can i invest in mutual funds through my savings account in my residential area.Is there any advantage if i use NRE account instead of savings account
Can US based NRIs invest in ULIP ? and on maturity we need to pay long term capital gain tax @ 10 % in india, in order to get that money back to usa ? is there any issues or do we need to pay taxes in USA
Dear Sir You didn’t tell if there is a left over tax slab benefits for STCG and LTCG for equity. Also the difference in this case between NRI and Non-NRI.
Sir , so the total tax for NRI Long term capital gain is TDS + Long term capital gain tax + surcharges + cess right ? If it’s like that it’s will be almost more than 20 % …
If we pay same long term capital gain tax or more tax as NRI then why do we have to make NRI kyc for mutual fund investments. What i was planning to do?
Nre fd are tax free but individuals residential status is RANDOR then also it is tax free.. Because individual has not change bank from nre savings to normal savings?
So we need to pay income tax on SIPs only when total income from it exceeds Rs 250000 or we need to pay irrespective of the total earnings from Sips in an year ?
Hi Sir, First of all thank you so much for such informative video.I am living in UAE and planning for SIP in equity mutual fund for more than 5 years. In this case tax or tds would be applicable? and kindly let me know about the process for investment through demat account.
Hi Sir, Do we need to stop contributing to mutual funds and buying stocks after becoming NRI. Is it mandatory to open NRI demat account and move our MFs and stocks. Whats the process to do that and any charges/taxes involved?
@@NRIMoneyClinic Dear sir What I meant is whether this stcg and ltcg taxation are special taxes or can be filed as regular tax while filing You mentioned capital gain tax is not slab based. But also tds can be claimed back. Please explain Thank you
Thank you for a good presentation of all relevant facts --I have a query --Apart from pure equity and pure debt funds , there are so called balanced funds which contain a mix of both equity and debt --what is the applicable tax treatment for them ? can you please clarify ?
Hi sir. I am in UAE doing stock investment through my wife SB account. Is it mandatory to file the IT. ? I am sending money to my wife SB account . Is my wife account taxable??. Kindly guide
If excess TDS is done or you have exemptions to claim , then you can claim it back by filing tax returns . Consult a chartered accountant by providing him with full particulars of your case . Please subscribe and keep sharing the videos
I'm a salaried person in a private company in India. Being from Goa I can get Portugese citizenship. What happens to my investments in stocks/ mutual funds and my FDs once I change my citizenship? I'll also be getting the OCI card. Will I have to pay tax on my investments? As I've already paid tax through TDS on my salary.
Hi sir In equity fund LTCG TDS will be deducted only after exceeding 1lakh gain or for a gain less than 1lakh also they will deduct TDS. Kindly clarify.
Hi, isnt tax for long term capital gains on equity funds (greater than 1 year), 10% on the capital gains greater than 1 lakh (as opposed to 10% tax on capital gains)
Sir I m nri, and invested in mutual fund in India, but when I redeem then they cut 10.4 % TDS. Any provision to avoid this TDS? Please give your advice. Thanks
Sir I'm an NRI will be returned to India in 1 or 2 years. Can I open a account using my RI SB account. To avoid this TDS. And because once I returned to India I have to change the tax status and bank account also need to change. To avoid these issues.
Hello. If I being an NRI, buy an Annuity with NRE funds, remitted from abroad, does the payout get any taxes in India? Under FATCA, would insurance company in India, report my income to Canadian Tax Authority?
Is it possible to invest in funds by transferring amounts from my NRE account to my Residential Savings Account and then to those funds which I am already invested in?
If you are an NRI , you should get your Resident Savings account converted to NRO account. Also get your Resident status updated in the mutual fund folio by providing FATCA declaration
Sir. My child is 6yrs old. When saving for her marriage goal.. Is it wise to open a bank account and demat account in her name as minor now n do sip in index fund and later when she turns major she can start managing it by her self... Will it make difference if i keep this investment goal in my account or keep it seperate in her account... Any case i am the financer of that sip
I am a financial consultant working with Max life, Chennai. You may co ntact me to schedule a free awareness session on zoom and clarify all your doubts.
Hii sir if I am investing through NRE account..in mutual fund sip or stp.. and if I decide to come back to india and continue my mutual fund .. can I change my bank details to continue investment???
You need to change the bank account and tax status . There is a video on this channel on how to change the tax status when you become a resident. Please be guided . Please subscribe and keep sharing the videos
Sir if I have sip or stp in mutual fund through NRE account.. if I lose my NRI status in future.. can I change my bank details as I will not be able to hold NRE account?
You need to change the bank account and tax status . There is a video on this channel on how to change the tax status when you become a resident. Please be guided . Please subscribe and keep sharing the videos
Hello Mr. Bhat, Thank you for the video. I have been trying to connect via the whatsapp number, but does not work. I am trying to connect from Canada. Is there any other way to reach you? Call or Email?
As per India/UAE DTAA Mutual fund capital gain can't be taxed in India subject if you provide TRC of staying in UAE. Whatever TDS is deducted can be claimed back, applying DTAA relief.
I saw few more other videos about NRI TAXATION. However your one is the best among all those.
Thanks for your inputs.
Best, most clear and most detailed information available on youtube. Thanks for posting it
Thank you so much very useful video..
You are most welcome. Please subscribe and keep sharing the videos
Thanks sir! Very informative video!
Thank you so much for your kind words. Please subscribe and keep sharing the videos
This was highly informative and a much needed one for me.. Thank you very much Sir.
Love the video. Love the clean and honest presentation. Big thumbs up.
As always great content and clear advice from you. My question on this NRI taxation aspect is , if I invest in mutual funds from my NRE account, make a profit, pay taxes etc - will the profit post tax be credited to the NRE account? Or NRO and if NRO - can I transfer it painlessly to NRE?
Extremely useful video , thank you for all the info🙏
I live in USA and planning to invest in India in MF thru my NRE account.
MF asset class: Equity funds
Duration: long term like 5 years.
Net worth: Example less than 5cr after SIP and returns.
After redeem I will need to pay 12.5% taxes in India.
What is the process to transfer the redeemed money to USA after paying capital gains taxes in India?
Should pay taxes in US also?
Is it easy to transfer money after redeem and paying taxes in India?
You're going very good educational initiative. Thanks.
Can you please discuss PFIC (Passive Foreign Investment Corporation) And form no 8621 for OCI who has Mutual Fund Investments in India
And who files US Tax returns also.Do we have to pay Tax on Unrealized gains( I.e. Nav increases on year to year basis) even if we don’t redeem .It is very difficult to understand this concept.Please help us.Thank you.
Thanks for your suggestion. Will try to work on it in due course of time
Very good content and also presented nicely. Thank you!
Thank you . Please subscribe and keep sharing the videos
Thank you for Informative Video, Could you please make a Video on PFIC Taxes for US Based NRI..
Great video. Any changes since posting due to tax regime updates
Thanks for the nice informative video. May I know taxation about the tax-free bonus or amount on the Maturity of policies, 5,10,15 years? LIC or other., for NRI's?
But nri earning less than rs 2.50 lacs pa is not liable for any tax and need not file itr also … pl insert this In Your video
I came across this video yesterday and found it very clear and informative.
Can you make a video regarding stp for nri from USA and taxation in that case?
Very informative nicely explained. Cleared many doubts. Thanks for making such videos
Thanks you very Much very detailed Video.
You are welcome. Please subscribe and keep sharing the videos
Great video Sir,
When I purchased mutual fund, I was nri.
But now I don't have nri status.
If now I redeem mutual fund than tds apply ?
Change your kyc status ,contact AMC you won't be taxed like NRI.
Good video. Whether income tax skab rate applicabke for Capital gains from equity mutual funds
The taxation for Equity oriented funds for Residents and NRIs exactly same. Having TDS is not a problem. I don't understand that then how government benefits from NRIs ? Why there is cumbersome process for NRIs ?
I saw some NRIs , investing in MF as Residents. Which is we should not do. But what can be complications to those people?
Crystal clear explanation.
Is any tax identification number for UAE employees?
Because while registering for Mutual fund investment, It asks Tax Identification Number.
Please advise the profit earned through stocks/mutual funds credited in NRO through NRO non PIS account are taxable. If yes how much are taxes to be paid in short term capital gains & long term capital gains?
Please advise.
Great presentation Sir. Sir will you please advise for USA NRIs to continue MF holdings after becoming NRI ?
How can I be a beneficiary in your mutual funds and how to register and what is the least money to start
Excellent information. Thanks
Thank you for the informative video. However, there is one correction. Non equity funds LTCG - indexation benefit is available only for listed schemes. Most of the debt funds and other non equity funds are not listed. This needs to be explained in the video.
Indexation benefits were taken away only recently. All debt funds had indexation benefits earlier.
You still need to pay taxes for NRE FDs in USA as per FATCA
Thank you for a great video. As an NRI, residing in Canada (Canadian passport with OCI), there will be Long Term Capital Gains tax upon the sale of mutual funds or stock + TDS. Do I get the TSD back while tax filing in India due to DTAA? How does it work? Kindly advise.
For Mutual Fund and share Market Investments which account is better NRE ? or NRO ? Is there any difference in these two account types, for Capital gain taxes ?
Any of them is fine . No difference in taxation. Please subscribe and keep sharing the videos
what about scheduled tribes and castes of india, are we exempted fro mutual fund tax like we are exempted from income tax? please reply
🔥🔥🔥🔥
Please subscribe and keep sharing the videos
Will NRI get taxed even if the LTCG is less than Rs. 250k, i.e. less than the basic tax free income?
Can a US NRI invest in MFs with income from India without any restrictions and through NRE with US income following the restrictions?
Is One Lac Profit exemption applicable to NRI also for LTCG and STCG?
Dear Sir,
Is the same taxation applicable when we invest through NRO account in mutual fund instead of NRE account.
Please explain.
Thanks
Yes .. same rate for both NRE and NRO investments in mutual funds
@@NRIMoneyClinic thanks for your immediate response.
Sir,I am an NRI ,Can i invest in mutual funds through my savings account in my residential area.Is there any advantage if i use NRE account instead of savings account
thanks this helps! Can you comment on how in invest money from NRE and NRO accounts for tax advantage perspective
Taxation is same for both accounts
Can US based NRIs invest in ULIP ? and on maturity we need to pay long term capital gain tax @ 10 % in india, in order to get that money back to usa ? is there any issues or do we need to pay taxes in USA
Presently I am an NRI
After 5 years I will be resident Indian
What will be taxes after 5 years if I sell MF and share when I become Resident Indian
Dear Sir
You didn’t tell if there is a left over tax slab benefits for STCG and LTCG for equity.
Also the difference in this case between NRI and Non-NRI.
Capital gains tax is not slab based . It is flat as per its category. No difference between NRE and NRO accounts
@@NRIMoneyClinic Shot term gain taxes can be adjusted against basic exemptions.
1:58 tax for NRE FD is applicable to the destination country right?
say singapore or japan or usa etc
we pay in that country?
Sir , so the total tax for NRI Long term capital gain is
TDS + Long term capital gain tax + surcharges + cess right ?
If it’s like that it’s will be almost more than 20 % …
If we pay same long term capital gain tax or more tax as NRI then why do we have to make NRI kyc for mutual fund investments. What i was planning to do?
Kyc and taxation are two different issues . Please subscribe and keep sharing the videos
Nre fd are tax free but individuals residential status is RANDOR then also it is tax free.. Because individual has not change bank from nre savings to normal savings?
Can KYC be done online for an NRI having NRE account?
Sir thank you so much, I came to know from some reliable source of friends Mutual fund investment tax 20% for NRI and 10% for residents
So we need to pay income tax on SIPs only when total income from it exceeds Rs 250000 or we need to pay irrespective of the total earnings from Sips in an year ?
same doubt here
Hi Sir,
First of all thank you so much for such informative video.I am living in UAE and planning for SIP in equity mutual fund for more than 5 years. In this case tax or tds would be applicable? and kindly let me know about the process for investment through demat account.
sir. very useful
Hello Sir,
I am working in north America. Do I need investment in Indian mutual funds or in north America? Which one is better? Please advice.
Hi Sir,
Do we need to stop contributing to mutual funds and buying stocks after becoming NRI. Is it mandatory to open NRI demat account and move our MFs and stocks. Whats the process to do that and any charges/taxes involved?
Hi Sir, one question: Would the level of taxation be same if FCY Mutual Funds be invested (eg. fund house in UK) or is it completely different?
You need to take a opinion of chartered accountant in this case quoting your specific circumstances. Not fair to give a generic answer here
Is it possible to complete KYC sitting here while working in Saudi? Or only when going home?
Hi i did not invest money any plan but why i am getting TDS related email from my nri bank
It could be because of interest on NRO account. Please check from banks
@@NRIMoneyClinic thanks for it
Please say about ELSS Mutual Fund Taxation
Dear Thanks for the video. Please tell me which ITR (ITR-1, ITR-2, ITR-3, ITR-4) to be filled for mutual funds capital gain being NRI?
I tried to find, it is ITR 2.
sir, can you make a video on crypto currency trading in India for NRIs.
Dear sir
Does that mean stcn and ltcg taxation can not be refunded at tax filing and are not included in the tax slab
You need to consult the chartered accountant with your specific circumstances to get an answer
@@NRIMoneyClinic
Dear sir
What I meant is whether this stcg and ltcg taxation are special taxes or can be filed as regular tax while filing
You mentioned capital gain tax is not slab based. But also tds can be claimed back.
Please explain
Thank you
Thank you for a good presentation of all relevant facts --I have a query --Apart from pure equity and pure debt funds , there are so called balanced funds which contain a mix of both equity and debt --what is the applicable tax treatment for them ? can you please clarify ?
They are classified as either debt or equity funds based on what they hold and taxed accordingly
Hi sir I hear that we will get tax exemption of 1 lakh for Long term capital gains. Is it correct?
Yes , only for equity segment . To avail this benefit, you need to file returns. Please subscribe and keep sharing the videos
Hi sir. I am in UAE doing stock investment through my wife SB account. Is it mandatory to file the IT. ? I am sending money to my wife SB account . Is my wife account taxable??. Kindly guide
Great video. 👍
Explain with example. Only lecture is not enough
sir , Can we claim refund for the TDS deducted for SHORT TERM CAPITAL GAINS TAX under Debt & Non Equity Funds ?
If excess TDS is done or you have exemptions to claim , then you can claim it back by filing tax returns . Consult a chartered accountant by providing him with full particulars of your case . Please subscribe and keep sharing the videos
@@NRIMoneyClinic sir, Thank you for your fast reply and it is very useful information for NRI'S.
Thank you for the super informational video. Sir, Can a US-based NRI invest in mutual funds in india? WHich account can they use to do so?
At the moment No
@@NRIMoneyClinic but you know I visited ICICI bank and their NRI desk person told me that using NRE non-pins I can invest. Is that possible?
Sir,
Is your advice/consultation restricted only to NRIs ?
Sir, one who have OCI card, can invest in the mutual funds and stock markets?
I'm a salaried person in a private company in India.
Being from Goa I can get Portugese citizenship.
What happens to my investments in stocks/ mutual funds and my FDs once I change my citizenship?
I'll also be getting the OCI card.
Will I have to pay tax on my investments? As I've already paid tax through TDS on my salary.
With respect to taxation , no changes will happen . They will continue to to remain same for income made in India
@@NRIMoneyClinic Will the PAN card number change once we give up Indian citizenship
No
What about the taxation on hybrid mutual fund of nri.
Sir, Which Amc allow investment from an US and Canadian NRI online?
Hi sir
In equity fund LTCG TDS will be deducted only after exceeding 1lakh gain or for a gain less than 1lakh also they will deduct TDS.
Kindly clarify.
TDS will be done irrespective of 1 lakh limit. While filing tax returns, you have to claim tax deductions
Good information
Thank you . Please subscribe and keep sharing the videos
Hi, isnt tax for long term capital gains on equity funds (greater than 1 year), 10% on the capital gains greater than 1 lakh (as opposed to 10% tax on capital gains)
1 lakh is exemption limit per year .
Sir I m nri, and invested in mutual fund in India, but when I redeem then they cut 10.4 % TDS.
Any provision to avoid this TDS? Please give your advice.
Thanks
No Islam Bhai...no provision.
Sir I'm an NRI will be returned to India in 1 or 2 years. Can I open a account using my RI SB account. To avoid this TDS. And because once I returned to India I have to change the tax status and bank account also need to change. To avoid these issues.
I think you need to change kyc status before changing bank,actually bank change and nri status kyc are done at same time.
Hello. If I being an NRI, buy an Annuity with NRE funds, remitted from abroad, does the payout get any taxes in India? Under FATCA, would insurance company in India, report my income to Canadian Tax Authority?
It will be taxed in India . Fatca rules are same for every institution
@@NRIMoneyClinic Noted with Thmks
Hi, if mutual funds in NRE account is tax free in India, would we need to pay taxes on that in the foreign country like UK that we're staying in?
They are not rax free in NRE account
Is it possible to invest in funds by transferring amounts from my NRE account to my Residential Savings Account and then to those funds which I am already invested in?
If you are an NRI , you should get your Resident Savings account converted to NRO account. Also get your Resident status updated in the mutual fund folio by providing FATCA declaration
Sir. My child is 6yrs old. When saving for her marriage goal.. Is it wise to open a bank account and demat account in her name as minor now n do sip in index fund and later when she turns major she can start managing it by her self... Will it make difference if i keep this investment goal in my account or keep it seperate in her account... Any case i am the financer of that sip
I am a financial consultant working with Max life, Chennai. You may co ntact me to schedule a free awareness session on zoom and clarify all your doubts.
Hii sir if I am investing through NRE account..in mutual fund sip or stp.. and if I decide to come back to india and continue my mutual fund .. can I change my bank details to continue investment???
You need to change the bank account and tax status . There is a video on this channel on how to change the tax status when you become a resident. Please be guided . Please subscribe and keep sharing the videos
Thanks sir .
Most welcome. Please subscribe and keep sharing the videos
Sir if I have sip or stp in mutual fund through NRE account.. if I lose my NRI status in future.. can I change my bank details as I will not be able to hold NRE account?
You need to change the bank account and tax status . There is a video on this channel on how to change the tax status when you become a resident. Please be guided . Please subscribe and keep sharing the videos
@@NRIMoneyClinic thank u so much sir
How to avoid TDS Sir?
The only way to avoid TDS is not making any profits .. please keep sharing the videos
@@NRIMoneyClinic Sir, can you please explain more how to get refund deducted TDS?
9
A
Please subscribe and keep sharing the videos
Hello Mr. Bhat, Thank you for the video. I have been trying to connect via the whatsapp number, but does not work. I am trying to connect from Canada. Is there any other way to reach you? Call or Email?
Thank you very for the valuable information sir.