|
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? asked Jul 03 '11 at 15:39 by Amier Hamsa 1●2●2●2 |
|
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. answered Jul 04 '11 at 22:35 by Pankaj Batra 5.2k●3●20 |