I am an NRI working in gulf. I would like to invest in equity international mutual funds like Motilal Nasdaq 100, FT US Feeder and ICICI US Bluechip funds. I heard that these mutual funds are subjected to capital gain tax even after one year. Please tell me how these funds are taxed?
- Vikram
International funds, investing overseas or investing in feeder funds, are treated as non-equity funds for taxation purposes. If you sell them before three years, your gains will be treated as short-term capital gains and taxed as per the Income Tax slab applicable to you. If you sell them after three years, the gains will be treated as long-term capital gains and they will be taxed at 20 per cent after indexation.
This article was originally published on February 08, 2016.
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