Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
No, income earned from mutual funds is generally taxable for NRIs as per the applicable provisions of the Income Tax Act.
The tax treatment depends on factors such as the type of mutual fund, the holding period, and the prevailing tax laws. Mutual fund houses may also deduct Tax Deducted at Source (TDS), and eligible NRIs may claim relief under the applicable Double Taxation Avoidance Agreement (DTAA).
