Answer

1. F

   Facts

   Gains on Indian listed shares and equity funds are taxed for NRIs: short-term at 20% and long-term at 12.5% above ₹1,25,000, for transfers after 23 July 2024. Fund houses and brokers deduct TDS.

2. P

   Provisions and law

   • Sec 111A, Income-tax Act 1961 (now Sec 196, Income-tax Act 2025)Short-term gains on listed equity.
   • Sec 112A, Income-tax Act 1961 (now Sec 198, Income-tax Act 2025)Long-term gains on listed equity above ₹1,25,000.
   • Sec 195, Income-tax Act 1961 (now Sec 393, Income-tax Act 2025)Tax is deducted on payments to non-residents at the rates in force.
3. A

   Analysis

   Get the capital gains statement from the fund house or broker. Report each sale in Schedule CG and claim TDS. If TDS was higher than tax, you get a refund. Debt fund gains have their own rules, so check each scheme type.

4. C

   Conclusion

   1. 1Download capital gains statements.
   2. 2Report each sale.
   3. 3Claim TDS.
   4. 4Check for a refund.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.