The capital gain tax that we pay on US mutual fund (e.g. ,otilal oswal nasdaq) or stocks goes to which government? US or India?
Hi @Jack_R
Indian government
They are taxed like domestic debt and mutual funds.
Time period for determining STCG/LTCG : 3 years
STCG : as per slab rates
LTCG : 20% with indexation benefit
@Quicko – do correct me if I missed something
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Why the Indian government?? Stocks are of foreign company then why do we pay tax to our government?
Can someone plz clarify?
The mutual funds might pay tax to the us government as a whole when they sell the stocks they have. but when we redeem the units and make profits the tax we pay will go to Indian government .
@Jason_Castelino Sir any clarity from you to Jack_R, he seems worried .