India Capital Fund
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Margie Said:
How much is the tax on Long term capital gain in India?We Answered:
Long term Capita Gains is Gains arising out of sale of investment held for more than a year.For equity (shares of listed companies) - No tax on Long Term Capital Gains
For Equity MFs (MFs investing more than 65 % in equity) - No tax on long term capital gains.
For Debt MFs (MFs investing less than 65 % in equity) - There are two options. First - flat 10 % on LT Capital Gains. Second - 20 % with indexation on LT Capital Gains.
Hope the info is useful.
Kent Said:
Do I need to pay US capital gains on long term capital gains in sale of India mutual funds (tax free in India)We Answered:
As a US resident, you are taxable on this item. A tax treaty would be relevant only if you were claiming to be a Treaty resident of India rather than the US.Calvin Said:
how do i withdraw from my capital gains savings account in India?We Answered:
They will have the information you need at the bank.Cody Said:
I invested in HDFC Infra fund through deutsche bank, India. Now I cant pay. Can they forfeit my 5 lakhs?We Answered:
May be you have to go to court on HDFC.Holly Said:
Capital Market is Booming in India, is it advisable to remove Bank FD and put in stock market. .Pl advise?We Answered:
Okay, the grammar was broken there, but I think I understand your question. You want to know if it makes more sense to take your money out of your Bank account and invest in the India stock exchange, on what appears to be an IPO, mutual fund.The IPO mutual fund part really threw me for a loop...that is, unless the Mutual Fund you are looking to invest in does nothing but invest its monies into IPOs...if that is the case, than you CANNOT purchase anything from the Mutual Fund itself in the Market. You are going to have to purchase shares in the Fund from the Fund directly.
There is always a risk when it comes to investing and you are 100% correct, that you do yield the potential to make more gains from investing in the market than your Bank Account. The reason being is there are increased risks within the open market that you do not have in a bank account. I would NOT look into getting involved in the Market by investing in IPOs. Wait til later for that. The reason being is that that IPO has never had any exposure to the market, so you do not know how well it is set to do. It is very risky and can be very expensive. If you are interested in India, perhaps look at some individual companies like Tata Motors. Just be real careful with IPOs.
Megan Said:
Briefly explain the various investment intermediaries in India which help in mobilizing funds from the general?We Answered:
you can contact me on money.mantra2@yahoo.co.in, or visit on www.moneyenhancer.webs.comJesse Said:
what is the current applicable rate of long term capital gains tax on securities and mutual funds in india?We Answered:
Short term capital asset:* Shares and equity linked mutual fund units: If held for less than 12 months; Tax rate=15%
* Any other security or unit of the UTI or Mutual Fund (Non equity based), if held for less than 12 months. The capital gains income will be added to other income and taxed as per slab rates.
Long term capital gains:
* Shares and equity linked mutual fund units: if held for more than 12 months, the tax rate is NIL (Tax free).
* Any other security or unit of the UTI or Mutual Fund (Non equity based), if held for more than 12 months: The tax is @10% flat rate on gains. (Or you can pay @20% flat rate using inflation index. But paying 10% is cheaper).