How are debt UCITS ETFs taxed in India?

SocialFinance Team 19
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If I hold debt UCITS ETFs bought through an overseas broker, how are the gains taxed in India, and where do they go in the ITR?

etf capital-gains income-tax
1 Answers

AFAIK gains would be taxed at per your slab rates. They are declared in ITR as short-term capital gains arising from Specified Mutual Funds under Section 50AA (under Schedule CG) no matter whats the holding period.
But You can set off short-term capital losses from other investments (like equities or other funds) against the gains from these debt ETFs.

Pankaj Batra5287
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