NRI taxation for Exchnage traded funds (ETFs)

Income Tax Income from Capital Gains
1

Hi, I am going this article for tax deductions for NRI account.
Am mostly interested in ETF’s
Can you please explain how much are the tds charges
Take an example; let’s say I invested 1 lakh and in 10 years, the total Amount got to 11 lakhs,
That is 10 lakhs in capital gains, if I sell all the charges, how much would be the taxes all together ?

2

Hi @Gopi_Kiran,

If the ETFs are equity-oriented, in the case of long-term gains, a TDS of 10% will be applicable.

3

Could you please confirm is this 11.96% for the TDS?

It was shown on ICICI direct and it seems they are charging 23.92% for ETF’s.
What I want to understand this is the tax from the government and it has be consistent across the Companies right ?

How would this be any different?

Could you please confirm for ETF’s, it’s only 11.96% ?

4

any update here please? @Surbhi_Pal

5

any update here please? @Surbhi_Pal

6

Hi @Gopi_Kiran

I have gone through your query

It seems you have some concern with TDS rates.

How much is the amount on TDS is deducted by ICICI ?

Also you can also connect me over WhatsApp for for this query at 9999616874, if it’s urgent.

Regards,
Raman

7

Hey @Masooma_Yousuf,

Not sure in this case.

However, as per my understanding, the TDS rate for equity ETFs is 10% in the case of LTCG and 15% on STCG for NRIs.