Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If I invest in Indian Mutual Funds using a cheque issued from my NRE bank account, are the gains taxable?

April 26, 2017bank account Cheque gains indian invest issued Mutual funds NRE taxable

0

Posted

If I invest in Indian Mutual Funds using a cheque issued from my NRE bank account, are the gains taxable?

1 Answer

0

Posted

The gains are always taxable whether the original amount is repatriable or not. However, long-term capital gains from equity-based schemes (over 65% equity component) are tax exempt.