ITR-2 NRI Tax Filing

For Capital Gain details ( Mutual Funds Redemption) - NRIs in the ITR-2 where should be filled. Schedule 112A or Schedule 115AD(1) (iii). Both are same but in 115AD it is mentioned for Non-Residents. Kindly advice

For Capital Gain details ( Mutual Funds Redemption) - NRIs in the ITR-2 where should be filled. Schedule 112A or Schedule 115AD(1) (iii). Both are same but in 115AD it is mentioned for Non-Residents. Kindly advice

Hi @Srikanth ,

Section 112A provides for taxability of long term capital gains arising from the transfer of capital asset being an equity share in a company or a unit of an equity oriented fund or a unit of a business trust whereas section 115AD deals with Tax on income of Foreign Institutional Investors from securities or capital gains arising from their transfer. The purview of both the sections is different.

Thus, in your case the taxability shall be governed by section 112A. Hope this of help!