What 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
In Schedule CG. select short term u/s. 111 IT act, add the details in it.
Does that mean Short term Capital Gain treated as equities? Please clarify.
No, it is for Non-equity based units...
Under which header of Schedule Capital Gains in the following list, ETF MAFANG (which invest in US equities) be taxed
 |
|
|
|
|
|
|
|
|
|
|
Seventh Option.
Arvindkumar Maniar & Co.
Rajkot
CA
View Details
VIKAS VERMA & CO
New Delhi
Others
View Details
O P Bagla & Co LLP
New Delhi
CA Inter
View Details
Gowra Ventures Pvt Ltd
Hyderabad
CA
View Details
CAclubindia
