TaxSavvy

ITR

NRI capital gains on Indian shares and mutual funds

Updated . Every paid answer is checked by a CA. Free AI answers are labelled until a CA verifies them.

Find

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.

Provisions

Sec 111A, Income-tax Act 1961 (now Sec 196, Income-tax Act 2025); Sec 112A, Income-tax Act 1961 (now Sec 198, Income-tax Act 2025); Sec 195, Income-tax Act 1961 (now Sec 393, Income-tax Act 2025)

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.

Close

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

Connect now

A Savvy replies in minutes.

Fixed price before you pay. Your Savvy is paid only after you accept the work.

Connect nowPay and start: NRI income tax return, ITR-2 or ITR-3, ₹3,999

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

People also ask