Nitin Marwah (5 Points)
25 July 2024What are the tax implications if someone has invested in mutual funds that invest in foreign stocks like Mirae Asset NYSE FANG+ ETF (which invest in US equities). If investment is made before 1 april 2023 and held for less than three years. Note that fund house is based in INDIA and the taxed individual is Indian Resident.
Also I request to explain how to fill it in ITR2
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168605 Points)
Replied 25 July 2024
In Schedule CG. select short term u/s. 111 IT act, add the details in it.
Nitin Marwah
(5 Points)
Replied 25 July 2024
Does that mean Short term Capital Gain treated as equities? Please clarify.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168605 Points)
Replied 25 July 2024
No, it is for Non-equity based units...
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