Are NRIs investment on Fixed Maturity Plans and debt funds of MFs taxable under direct tax code?

Amier Hamsa 1
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What is the tax implication under DTC for NRIs who gained income both short term and long term under Fixed Maturity Plan (FMP) or non equity investment (debt funds) ?

What is the present tax structure?

non-resident-indian short-term-gain nri direct-tax-code long-term-gains
1 Answers

For income earned inside India, tax structure will remain similar to what an Indian pays for same.

Currently long term gains (more than a year) on FMP and non-equity funds are taxed at 10% without indexation and 20% with indexation benefit. Gains on debt based investments kept for less than a year are added to taxable income and taxed as per slab rates.

Pankaj Batra5212
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