MUTUAL FUND TAXATION FOR NRIS

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Опубликовано:

3 дек 2020

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Комментарии : 135

@lnglab123 3 года назад

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

@chandanminhas6157 Год назад

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

@natanshgoyal2787 3 года назад

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

@rohansivon 3 года назад

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

@jaisuranasurana2950 3 года назад

Extremely useful video , thank you for all the info🙏

@hemantkd9 3 года назад

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

@deelipmeher5190 2 года назад

You're going very good educational initiative. Thanks.

@jayakumarramachandran733 2 года назад

Excellent information. Thanks

@mohammedmasood6344 3 года назад

Thank you very for the valuable information sir.

@rajk5709 3 года назад

Very good content and also presented nicely. Thank you!

@NRIMoneyClinic 3 года назад

Thank you . Please subscribe and keep sharing the videos

@prakashchandnani6695 Год назад

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.

@ganeshshanbhag9068 3 года назад

Thanks you very Much very detailed Video.

@NRIMoneyClinic 3 года назад

You are welcome. Please subscribe and keep sharing the videos

@lakshmimaha7153 3 года назад

Thank you so much very useful video..

@NRIMoneyClinic 3 года назад

You are most welcome. Please subscribe and keep sharing the videos

@elegantsolutions1094 3 года назад

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?

@subho303 3 года назад

Great video. 👍

@samratsahil1 3 года назад

Thanks sir! Very informative video!

@NRIMoneyClinic 3 года назад

Thank you so much for your kind words. Please subscribe and keep sharing the videos

@vijayakumarrethinavelu2993 9 месяцев назад

Sir thank you so much, I came to know from some reliable source of friends Mutual fund investment tax 20% for NRI and 10% for residents

@subabar1976 Год назад

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

@somsamanta3498 3 года назад

Thank you for a great video. As an NRI, residing in Canada (Canadian passport with OCI), there will be Long Term Capital Gains tax upon the sale of mutual funds or stock + TDS. Do I get the TSD back while tax filing in India due to DTAA? How does it work? Kindly advise.

@mandarvaze19 2 года назад

Thank you for the informative video. However, there is one correction. Non equity funds LTCG - indexation benefit is available only for listed schemes. Most of the debt funds and other non equity funds are not listed. This needs to be explained in the video.

@SurajInd89 11 месяцев назад

Indexation benefits were taken away only recently. All debt funds had indexation benefits earlier.

@banumathym3042 3 года назад

sir. very useful

@EdutainmentCorner Год назад

So we need to pay income tax on SIPs only when total income from it exceeds Rs 250000 or we need to pay irrespective of the total earnings from Sips in an year ?

@manuvns 2 года назад

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

@NRIMoneyClinic 2 года назад

Taxation is same for both accounts

@dipakkumarkar4877 3 года назад

Thanks sir .

@NRIMoneyClinic 3 года назад

Most welcome. Please subscribe and keep sharing the videos

@RakeshAcharya 2 года назад

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 ?

@ashishtalyan 2 года назад

Change your kyc status ,contact AMC you won't be taxed like NRI.

@anandsankaran4795 Месяц назад

Great video. Any changes since posting due to tax regime updates

@FIREWithKidsInIndia 3 года назад

Hi Sir, Do we need to stop contributing to mutual funds and buying stocks after becoming NRI. Is it mandatory to open NRI demat account and move our MFs and stocks. Whats the process to do that and any charges/taxes involved?

@nesi4ever1 2 года назад

What about the taxation on hybrid mutual fund of nri.

@thomas3692 3 года назад

Sir, one who have OCI card, can invest in the mutual funds and stock markets?

@shansgalaxy2922 3 года назад

Good information

@NRIMoneyClinic 3 года назад

Thank you . Please subscribe and keep sharing the videos

@ManMat1964 3 года назад

Please say about ELSS Mutual Fund Taxation

@japantelugu 26 дней назад

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?

@josephv172 3 года назад

Hello Sir, I am working in north America. Do I need investment in Indian mutual funds or in north America? Which one is better? Please advice.

@nikhilbhuwania7370 3 года назад

Sir, Which Amc allow investment from an US and Canadian NRI online?

@razakhan1696 3 года назад

Hi Sir, First of all thank you so much for such informative video.I am living in UAE and planning for SIP in equity mutual fund for more than 5 years. In this case tax or tds would be applicable? and kindly let me know about the process for investment through demat account.

@wasiagha08 7 месяцев назад

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.

@syamkrishna9796 Год назад

Sir , so the total tax for NRI Long term capital gain is TDS + Long term capital gain tax + surcharges + cess right ? If it’s like that it’s will be almost more than 20 % …

@premkumar-wt8lu 2 года назад

Crystal clear explanation. Is any tax identification number for UAE employees? Because while registering for Mutual fund investment, It asks Tax Identification Number.

@astrixgaming6134 2 года назад

Sir,I am an NRI ,Can i invest in mutual funds through my savings account in my residential area.Is there any advantage if i use NRE account instead of savings account

@alakshah2142 2 года назад

Nre fd are tax free but individuals residential status is RANDOR then also it is tax free.. Because individual has not change bank from nre savings to normal savings?

@jayp5269 2 года назад

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?

@YogicConcepts 3 года назад

If we pay same long term capital gain tax or more tax as NRI then why do we have to make NRI kyc for mutual fund investments. What i was planning to do?

@NRIMoneyClinic 3 года назад

Kyc and taxation are two different issues . Please subscribe and keep sharing the videos

@mishrayadav953 2 года назад

sir, can you make a video on crypto currency trading in India for NRIs.

@drajaychourasia3880 6 месяцев назад

Thanks for the nice informative video. May I know taxation about the tax-free bonus or amount on the Maturity of policies, 5,10,15 years? LIC or other., for NRI's?

@jacobzachariah9756 3 года назад

Sir, Is your advice/consultation restricted only to NRIs ?

@maritube123 2 года назад

Great presentation Sir. Sir will you please advise for USA NRIs to continue MF holdings after becoming NRI ?

@sonyj87 3 года назад

🔥🔥🔥🔥

@NRIMoneyClinic 3 года назад

Please subscribe and keep sharing the videos

@noufalkpmna 2 года назад

Is it possible to complete KYC sitting here while working in Saudi? Or only when going home?

@vpushpala 2 года назад

You still need to pay taxes for NRE FDs in USA as per FATCA

@vijaydatar2669 3 года назад

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.

@NRIMoneyClinic 3 года назад

Thanks for your suggestion. Will try to work on it in due course of time

@fahedkhan3008 Год назад

Dear Thanks for the video. Please tell me which ITR (ITR-1, ITR-2, ITR-3, ITR-4) to be filled for mutual funds capital gain being NRI?

@fahedkhan3008 Год назад

I tried to find, it is ITR 2.

@rakeshram2199 6 месяцев назад

Good video. Whether income tax skab rate applicabke for Capital gains from equity mutual funds

@nradhakrishnan3717 2 года назад

Thank you for a good presentation of all relevant facts --I have a query --Apart from pure equity and pure debt funds , there are so called balanced funds which contain a mix of both equity and debt --what is the applicable tax treatment for them ? can you please clarify ?

@NRIMoneyClinic 2 года назад

They are classified as either debt or equity funds based on what they hold and taxed accordingly

@sandeepshanbhogue7690 3 года назад

Hi Sir, one question: Would the level of taxation be same if FCY Mutual Funds be invested (eg. fund house in UK) or is it completely different?

@NRIMoneyClinic 3 года назад

You need to take a opinion of chartered accountant in this case quoting your specific circumstances. Not fair to give a generic answer here

@princejoseph8280 3 года назад

Hi, isnt tax for long term capital gains on equity funds (greater than 1 year), 10% on the capital gains greater than 1 lakh (as opposed to 10% tax on capital gains)

@NRIMoneyClinic 3 года назад

1 lakh is exemption limit per year .

@jaikishansingh7020 2 года назад

Hi sir In equity fund LTCG TDS will be deducted only after exceeding 1lakh gain or for a gain less than 1lakh also they will deduct TDS. Kindly clarify.

@NRIMoneyClinic 2 года назад

TDS will be done irrespective of 1 lakh limit. While filing tax returns, you have to claim tax deductions

@ideaminegroup1766 2 года назад

But nri earning less than rs 2.50 lacs pa is not liable for any tax and need not file itr also … pl insert this In Your video

@bahraindays9259 3 года назад

For Mutual Fund and share Market Investments which account is better NRE ? or NRO ? Is there any difference in these two account types, for Capital gain taxes ?

@NRIMoneyClinic 3 года назад

Any of them is fine . No difference in taxation. Please subscribe and keep sharing the videos

@SahilSingh-jv1qd 2 года назад

Hi, if mutual funds in NRE account is tax free in India, would we need to pay taxes on that in the foreign country like UK that we're staying in?

@NRIMoneyClinic 2 года назад

They are not rax free in NRE account

@jaintthomas 3 года назад

Hi sir I hear that we will get tax exemption of 1 lakh for Long term capital gains. Is it correct?

@NRIMoneyClinic 3 года назад

Yes , only for equity segment . To avail this benefit, you need to file returns. Please subscribe and keep sharing the videos

@EmmanuelOfori-xy5nk 24 дня назад

How can I be a beneficiary in your mutual funds and how to register and what is the least money to start

@niravjani609 11 месяцев назад

Is One Lac Profit exemption applicable to NRI also for LTCG and STCG?

@nirmusan 3 года назад

sir , Can we claim refund for the TDS deducted for SHORT TERM CAPITAL GAINS TAX under Debt & Non Equity Funds ?

@NRIMoneyClinic 3 года назад

If excess TDS is done or you have exemptions to claim , then you can claim it back by filing tax returns . Consult a chartered accountant by providing him with full particulars of your case . Please subscribe and keep sharing the videos

@nirmusan 3 года назад

@@NRIMoneyClinic sir, Thank you for your fast reply and it is very useful information for NRI'S.

@arthamsreenivas8858 12 часов назад

Can US based NRIs invest in ULIP ? and on maturity we need to pay long term capital gain tax @ 10 % in india, in order to get that money back to usa ? is there any issues or do we need to pay taxes in USA

@mohammadislamansari3106 3 года назад

Sir I m nri, and invested in mutual fund in India, but when I redeem then they cut 10.4 % TDS. Any provision to avoid this TDS? Please give your advice. Thanks

@fahedkhan3008 Год назад

No Islam Bhai...no provision.

@bhags000 3 года назад

Dear sir Does that mean stcn and ltcg taxation can not be refunded at tax filing and are not included in the tax slab

@NRIMoneyClinic 3 года назад

You need to consult the chartered accountant with your specific circumstances to get an answer

@bhags000 3 года назад

@@NRIMoneyClinic Dear sir What I meant is whether this stcg and ltcg taxation are special taxes or can be filed as regular tax while filing You mentioned capital gain tax is not slab based. But also tds can be claimed back. Please explain Thank you

@spvel135 Год назад

Hi sir. I am in UAE doing stock investment through my wife SB account. Is it mandatory to file the IT. ? I am sending money to my wife SB account . Is my wife account taxable??. Kindly guide

@sahilrehal9590 2 года назад

Is it possible to invest in funds by transferring amounts from my NRE account to my Residential Savings Account and then to those funds which I am already invested in?

@vkrish64 2 года назад

If you are an NRI , you should get your Resident Savings account converted to NRO account. Also get your Resident status updated in the mutual fund folio by providing FATCA declaration

@shubhrabhushan1923 2 года назад

Thank you for the super informational video. Sir, Can a US-based NRI invest in mutual funds in india? WHich account can they use to do so?

@NRIMoneyClinic 2 года назад

At the moment No

@shubhrabhushan1923 2 года назад

@@NRIMoneyClinic but you know I visited ICICI bank and their NRI desk person told me that using NRE non-pins I can invest. Is that possible?

@shahrahul5 Год назад

Will NRI get taxed even if the LTCG is less than Rs. 250k, i.e. less than the basic tax free income?

@tusharjoshi8909 3 года назад

Hii sir if I am investing through NRE account..in mutual fund sip or stp.. and if I decide to come back to india and continue my mutual fund .. can I change my bank details to continue investment???

@NRIMoneyClinic 3 года назад

You need to change the bank account and tax status . There is a video on this channel on how to change the tax status when you become a resident. Please be guided . Please subscribe and keep sharing the videos

@er.mdshamshadalam6600 11 месяцев назад

Explain with example. Only lecture is not enough

@mdkamran2003 3 года назад

Dear Sir You didn’t tell if there is a left over tax slab benefits for STCG and LTCG for equity. Also the difference in this case between NRI and Non-NRI.

@NRIMoneyClinic 3 года назад

Capital gains tax is not slab based . It is flat as per its category. No difference between NRE and NRO accounts

@RaghuNayak 3 года назад

@@NRIMoneyClinic Shot term gain taxes can be adjusted against basic exemptions.

@safrifinancial9018 Год назад

Hello. If I being an NRI, buy an Annuity with NRE funds, remitted from abroad, does the payout get any taxes in India? Under FATCA, would insurance company in India, report my income to Canadian Tax Authority?

@NRIMoneyClinic Год назад

It will be taxed in India . Fatca rules are same for every institution

@safrifinancial9018 Год назад

@@NRIMoneyClinic Noted with Thmks

@ah2809 3 года назад

Sir I'm an NRI will be returned to India in 1 or 2 years. Can I open a account using my RI SB account. To avoid this TDS. And because once I returned to India I have to change the tax status and bank account also need to change. To avoid these issues.

@ashishtalyan 2 года назад

I think you need to change kyc status before changing bank,actually bank change and nri status kyc are done at same time.

@KiranKumar-gg7ff 8 месяцев назад

Can KYC be done online for an NRI having NRE account?

@tusharjoshi8909 3 года назад

Sir if I have sip or stp in mutual fund through NRE account.. if I lose my NRI status in future.. can I change my bank details as I will not be able to hold NRE account?

@NRIMoneyClinic 3 года назад

@tusharjoshi8909 3 года назад

@@NRIMoneyClinic thank u so much sir

@claudejerry3461 3 года назад

Sir. My child is 6yrs old. When saving for her marriage goal.. Is it wise to open a bank account and demat account in her name as minor now n do sip in index fund and later when she turns major she can start managing it by her self... Will it make difference if i keep this investment goal in my account or keep it seperate in her account... Any case i am the financer of that sip

@anitabalakrishnan4276 3 года назад

I am a financial consultant working with Max life, Chennai. You may co ntact me to schedule a free awareness session on zoom and clarify all your doubts.

@sudhirgupta803 9 месяцев назад

Presently I am an NRI After 5 years I will be resident Indian What will be taxes after 5 years if I sell MF and share when I become Resident Indian

@shaikhrf1 3 года назад

Hi i did not invest money any plan but why i am getting TDS related email from my nri bank

@NRIMoneyClinic 3 года назад

It could be because of interest on NRO account. Please check from banks

@shaikhrf1 3 года назад

@@NRIMoneyClinic thanks for it

@sajidsk4787 3 года назад

@NRIMoneyClinic 3 года назад

Please subscribe and keep sharing the videos

@dhawald3 3 года назад

I'm a salaried person in a private company in India. Being from Goa I can get Portugese citizenship. What happens to my investments in stocks/ mutual funds and my FDs once I change my citizenship? I'll also be getting the OCI card. Will I have to pay tax on my investments? As I've already paid tax through TDS on my salary.

@NRIMoneyClinic 3 года назад

With respect to taxation , no changes will happen . They will continue to to remain same for income made in India

@nawazumeir 3 года назад

@@NRIMoneyClinic Will the PAN card number change once we give up Indian citizenship

@NRIMoneyClinic 3 года назад

@radhajayant2589 2 года назад

@AllinOne-qw9ko 3 года назад

How to avoid TDS Sir?

@NRIMoneyClinic 3 года назад

The only way to avoid TDS is not making any profits .. please keep sharing the videos

@AllinOne-qw9ko 3 года назад

@@NRIMoneyClinic Sir, can you please explain more how to get refund deducted TDS?

@somsamanta3498 3 года назад

Hello Mr. Bhat, Thank you for the video. I have been trying to connect via the whatsapp number, but does not work. I am trying to connect from Canada. Is there any other way to reach you? Call or Email?