4 replies on this article “Will mutual fund investment in india attract tax in US”

1. KUNAL GERA says:

   January 25, 2013 at 10:31 am

   Ashal/FreeFinancial,

   I have referred to two links:

   1) http://insight.banyanfa.com/tax-implications-of-mutual-funds-on-residents-and-nris/, they are saying I won’t need to pay tax, until I sell my investments.

   2) http://articles.economictimes.indiatimes.com/2012-04-27/news/31411531_1_mutual-funds-long-term-capital-gains-capital-appreciation/2. This link suggesting otherwise.

   I am going to US on H1 for long term and want to continue my SIPs for long term, but there is no use if I am taxed this much.

   Can you please confirm if I would need to pay tax even if I dont book gains. If yes then there is no point in continuing SIPs.

   Reply
2. Ashal Jauhari says:

   January 24, 2013 at 12:14 am

   Dear Kunal, a shock for you, once you are in US of A, your global income ‘ll become taxable. Interestingly even not booked gains ‘ll also become taxable. Please contact Dear BanyanFA here in the forum for exact details as he is the one who is also dealing so many NRI clients & specially from US of A.

   Thanks

   Ashal

   Reply
3. Free Financial Calculators says:

   January 23, 2013 at 11:14 pm

   Answer depends on your status in the US. For example there will be TDS in mutual fund returns for NRIs

   For example for short term equity capital gain NRI pays 15% TDS here and

   30%-15% tax in US

   (30% is the rate in US). Due to a treaty NRIs are not taxed twice and pay the difference.

   Reply
4. KUNAL GERA says:

   January 23, 2013 at 10:09 pm

   It’ 40000 per month

   Reply

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