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What taxes are to be paid by an NRI in India?

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An NRI has to pay taxes on the income earned or accrued in India. An NRI is also required to pay Long-term or Short-Term Capital gains taxes on the profits made from its investments in various securities in India.

The Long-term Capital gains tax becomes applicable when security is held for more than one year. However, if the stock or mutual fund is debt oriented, the holding period to qualify as long-term is 3 years.

The Short-term Capital gains tax is applicable when security is held for less than a year. For debt-oriented stocks or mutual funds, the short-term capital gains are applied when the holding period is less than 3 years.

The capital gains tax applies to the sale of stocks, mutual funds, debentures, property, etc.

NRI capital gains tax

Segment STCG Tax LTCG Tax

Stocks

15%

10%

Mutual Funds (Equity)

15%

10%

Mutual Funds (Debt)

30%

20%*

Derivatives (F&O)

30%

NA

NRI Tax Rates as of 31st Mar 2019

*The LTCG of 20% on debt mutual fund is available with indexation benefit.


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