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Taxation for NRIs |
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Are debt mutual funds taxable and to what extent. Looking specifically for NRI investments |
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Re: Taxation for NRIs |
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Rohit
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| 23 October 2008, 11:09:32 |
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Tax applicable on:
1) Dividend/Interest Income: NIL (Dividend Distribution Tax deducted)
2)Short term Capital Gain (less than 1 year: Marginal rate as per slab, max 30% plus surchage
3)Long Term Capital Gain (more than 1 year): 10% without Indexation or 20% with indexation whichever is less plus surcharge.
rohit@ivycapitalindia.com |
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Re: Taxation for NRIs |
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Canika
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| 23 October 2008, 12:00:38 |
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HI Rohit
Isnt there also TDS in case of Nri's? Would you know the tds rate? |
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Re: Taxation for NRIs |
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Please Check all about NRI Taxation at
http://www.jmfinancialmf.com/NRICorner/?ReportID=B465597E-F95E-4D18-8791-F4F29D32B3B9 |
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