MUTUAL FUND TAXATION FOR NRIS

[@prakashchandnani6695]

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.

[@RakeshAcharya]

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 ?

[@ashishtalyan]

Change your kyc status ,contact AMC you won't be taxed like NRI.

[@lnglab123]

I saw few more other videos about NRI TAXATION. However your one is the best among all those. Thanks for your inputs.

[@PrasadRao-q1t]

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?

[@sandeepkarkhanis2273]

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?

[@wasiagha08]

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.

[@drajaychourasia3880]

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?

[@anandsankaran4795]

Great video. Any changes since posting due to tax regime updates

[@lakshmimaha7153]

Thank you so much very useful video..

[@NRIMoneyClinic]

You are most welcome. Please subscribe and keep sharing the videos

[@EmmanuelOfori-xy5nk]

How can I be a beneficiary in your mutual funds and how to register and what is the least money to start

[@chandanminhas6157]

Best, most clear and most detailed information available on youtube. Thanks for posting it

[@xomcs8676]

what about scheduled tribes and castes of india, are we exempted fro mutual fund tax like we are exempted from income tax? please reply

[@vijaydatar2669]

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.

[@NRIMoneyClinic]

Thanks for your suggestion. Will try to work on it in due course of time

[@rakeshram2199]

Good video. Whether income tax skab rate applicabke for Capital gains from equity mutual funds

[@vinodchakka9279]

Can a US NRI invest in MFs with income from India without any restrictions and through NRE with US income following the restrictions?

[@shahrahul5]

Will NRI get taxed even if the LTCG is less than Rs. 250k, i.e. less than the basic tax free income?

[@subabar1976]

Thank you for Informative Video, Could you please make a Video on PFIC Taxes for US Based NRI..

[@japantelugu]

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?

[@samratsahil1]

Thanks sir! Very informative video!

[@NRIMoneyClinic]

Thank you so much for your kind words. Please subscribe and keep sharing the videos

[@manuvns]

thanks this helps! Can you comment on how in invest money from NRE and NRO accounts for tax advantage perspective

[@NRIMoneyClinic]

Taxation is same for both accounts

[@arthamsreenivas8858]

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

[@niravjani609]

Is One Lac Profit exemption applicable to NRI also for LTCG and STCG?

[@KiranKumar-gg7ff]

Can KYC be done online for an NRI having NRE account?

[@premkumar-wt8lu]

Crystal clear explanation. Is any tax identification number for UAE employees? Because while registering for Mutual fund investment, It asks Tax Identification Number.

[@jaisuranasurana2950]

Extremely useful video , thank you for all the info🙏

[@jayp5269]

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?

[@elegantsolutions1094]

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?

[@natanshgoyal2787]

Love the video. Love the clean and honest presentation. Big thumbs up.

[@alakshah2142]

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?

[@ideaminegroup1766]

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

[@sudhirgupta803]

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

[@deelipmeher5190]

You're going very good educational initiative. Thanks.

[@sathishameed7142]

Dear Sir, Is the same taxation applicable when we invest through NRO account in mutual fund instead of NRE account. Please explain. Thanks

[@NRIMoneyClinic]

Yes .. same rate for both NRE and NRO investments in mutual funds

[@sathishameed7142]

@@NRIMoneyClinic thanks for your immediate response.

[@syamkrishna9796]

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 % …

[@vpushpala]

You still need to pay taxes for NRE FDs in USA as per FATCA

[@maritube123]

Great presentation Sir. Sir will you please advise for USA NRIs to continue MF holdings after becoming NRI ?

[@bahraindays9259]

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 ?

[@NRIMoneyClinic]

Any of them is fine . No difference in taxation. Please subscribe and keep sharing the videos

[@fahedkhan3008]

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?

[@fahedkhan3008]

I tried to find, it is ITR 2.

[@YogicConcepts]

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?

[@NRIMoneyClinic]

Kyc and taxation are two different issues . Please subscribe and keep sharing the videos

[@somsamanta3498]

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.

[@astrixgaming6134]

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

[@noufalkpmna]

Is it possible to complete KYC sitting here while working in Saudi? Or only when going home?

[@mdkamran2003]

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.

[@NRIMoneyClinic]

Capital gains tax is not slab based . It is flat as per its category. No difference between NRE and NRO accounts

[@RaghuNayak]

@@NRIMoneyClinic Shot term gain taxes can be adjusted against basic exemptions.

[@bhags000]

Dear sir Does that mean stcn and ltcg taxation can not be refunded at tax filing and are not included in the tax slab

[@NRIMoneyClinic]

You need to consult the chartered accountant with your specific circumstances to get an answer

[@bhags000]

@@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

[@josephv172]

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.

[@shaikhrf1]

Hi i did not invest money any plan but why i am getting TDS related email from my nri bank

[@NRIMoneyClinic]

It could be because of interest on NRO account. Please check from banks

[@shaikhrf1]

@@NRIMoneyClinic thanks for it

[@shubhrabhushan1923]

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?

[@NRIMoneyClinic]

At the moment No

[@shubhrabhushan1923]

@@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?

[@dhawald3]

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.

[@NRIMoneyClinic]

With respect to taxation , no changes will happen . They will continue to to remain same for income made in India

[@nawazumeir]

@@NRIMoneyClinic Will the PAN card number change once we give up Indian citizenship

[@NRIMoneyClinic]

No

[@rohansivon]

This was highly informative and a much needed one for me.. Thank you very much Sir.

[@spvel135]

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

[@EdutainmentCorner]

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 ?

[@javedahsan1337]

same doubt here

[@rajk5709]

Very good content and also presented nicely. Thank you!

[@NRIMoneyClinic]

Thank you . Please subscribe and keep sharing the videos

[@mandarvaze19]

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.

[@SurajInd89]

Indexation benefits were taken away only recently. All debt funds had indexation benefits earlier.

[@sandeepshanbhogue7690]

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?

[@NRIMoneyClinic]

You need to take a opinion of chartered accountant in this case quoting your specific circumstances. Not fair to give a generic answer here

[@nesi4ever1]

What about the taxation on hybrid mutual fund of nri.

[@ManMat1964]

Please say about ELSS Mutual Fund Taxation

[@FIREWithKidsInIndia]

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?

[@hemantkd9]

Very informative nicely explained. Cleared many doubts. Thanks for making such videos

[@thomas3692]

Sir, one who have OCI card, can invest in the mutual funds and stock markets?

[@safrifinancial9018]

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?

[@NRIMoneyClinic]

It will be taxed in India . Fatca rules are same for every institution

[@safrifinancial9018]

@@NRIMoneyClinic Noted with Thmks

[@jacobzachariah9756]

Sir, Is your advice/consultation restricted only to NRIs ?

[@nradhakrishnan3717]

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 ?

[@NRIMoneyClinic]

They are classified as either debt or equity funds based on what they hold and taxed accordingly

[@razakhan1696]

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.

[@jayakumarramachandran733]

Excellent information. Thanks

[@jaikishansingh7020]

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.

[@NRIMoneyClinic]

TDS will be done irrespective of 1 lakh limit. While filing tax returns, you have to claim tax deductions

[@mishrayadav953]

sir, can you make a video on crypto currency trading in India for NRIs.

[@jaintthomas]

Hi sir I hear that we will get tax exemption of 1 lakh for Long term capital gains. Is it correct?

[@NRIMoneyClinic]

Yes , only for equity segment . To avail this benefit, you need to file returns. Please subscribe and keep sharing the videos

[@ah2809]

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.

[@ashishtalyan]

I think you need to change kyc status before changing bank,actually bank change and nri status kyc are done at same time.

[@nikhilbhuwania7370]

Sir, Which Amc allow investment from an US and Canadian NRI online?

[@nirmusan]

sir , Can we claim refund for the TDS deducted for SHORT TERM CAPITAL GAINS TAX under Debt & Non Equity Funds ?

[@NRIMoneyClinic]

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

[@nirmusan]

@@NRIMoneyClinic sir, Thank you for your fast reply and it is very useful information for NRI'S.

[@SahilSingh-jv1qd]

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?

[@NRIMoneyClinic]

They are not rax free in NRE account

[@sahilrehal9590]

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?

[@vkrish64]

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

[@mohammadislamansari3106]

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

[@fahedkhan3008]

No Islam Bhai...no provision.

[@er.mdshamshadalam6600]

Explain with example. Only lecture is not enough

[@claudejerry3461]

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

[@anitabalakrishnan4276]

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.

[@princejoseph8280]

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)

[@NRIMoneyClinic]

1 lakh is exemption limit per year .

[@ganeshshanbhag9068]

Thanks you very Much very detailed Video.

[@NRIMoneyClinic]

You are welcome. Please subscribe and keep sharing the videos

[@tusharjoshi8909]

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?

[@NRIMoneyClinic]

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

[@tusharjoshi8909]

@@NRIMoneyClinic thank u so much sir

[@tusharjoshi8909]

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???

[@NRIMoneyClinic]

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

[@banumathym3042]

sir. very useful

[@subho303]

Great video. 👍

[@shansgalaxy2922]

Good information

[@NRIMoneyClinic]

Thank you . Please subscribe and keep sharing the videos

[@AllinOne-qw9ko]

How to avoid TDS Sir?

[@NRIMoneyClinic]

The only way to avoid TDS is not making any profits .. please keep sharing the videos

[@AllinOne-qw9ko]

@@NRIMoneyClinic Sir, can you please explain more how to get refund deducted TDS?

[@sonyj87]

🔥🔥🔥🔥

[@NRIMoneyClinic]

Please subscribe and keep sharing the videos

[@dipakkumarkar4877]

Thanks sir .

[@NRIMoneyClinic]

Most welcome. Please subscribe and keep sharing the videos

[@vijayakumarrethinavelu2993]

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

[@radhajayant2589]

9

[@sajidsk4787]

A

[@NRIMoneyClinic]

Please subscribe and keep sharing the videos

[@somsamanta3498]

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?

[@mohammedmasood6344]

Thank you very for the valuable information sir.