NRI - ITR-2 Capital Gain MF Redemption

Income Tax
1

I am NRI and working in Gulf Country. While filing ITR -2 for my Mutual Funds Redemption data in which section i have to fill the 112A or 115AD(1)(iii). In the 115AD(1) (iii) it says Non-Residents (but i understand it is for FII). Please clarify and confirm the relevant section for MF redemption filing data for individual NRI.

2

Hey @Srikanth

You should report your redemption of equity-oriented mutual funds under Section 112A, as Section 115AD(1)(iii) is specifically applicable to Foreign Institutional Investors (FIIs), not individual NRIs.

Hope this helps!

3

Thanks a lot maam. Greatly appreciated for clarifying my doubt