MUTUAL FUND TAXATION FOR NRIS

#nri #nrimoneyclinic #financialplanning

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Services offered by NRI Money Clinic
* Life & Critical Illness Insurance.
* Child education
* Emergency Funds
* Retirement Plan
* Health Insurance
* Wealth Building
* Tax planning ( investments to minimise tax impact)
* Dollar investment ( Only for NRIs in Middle East and Africa )
* Mutual Funds ( NRIs other than in US & Canada)
* PMS ( Portfolio Management Service)
* Fractional Real Estate
* Cash flow planning (Pension, Guaranteed Return plan , Fractional real estate)
* Tax filing and chartered accountant services. (Outsourced services)
* Wills and inheritance planning. (Outsourced services)
* Property record legal verification (Outsourced service)
* Real Estate in Dubai (Outsourced service)
* Real Estate in Mumbai and Goa (Outsourced service)

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[prakashchandnani]

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.

[lnglab]

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

[chandanminhas]

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

[jaisuranasurana]

Extremely useful video, thank you for all the info🙏

[rohansivon]

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

[natanshgoyal]

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

[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?

[hemantkd]

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

[deelipmeher]

You're going very good educational initiative. Thanks.

[sandeepkarkhanis]

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?

[PrasadRao-qt]

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?

[vijaydatar]

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.

[rajk]

Very good content and also presented nicely. Thank you!

[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 ?

[elegantsolutions]

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?

[wasiagha]

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.

[jayp]

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?

[subabar]

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

[ganeshshanbhag]

Thanks you very Much very detailed Video.

[manuvns]

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