Change of Resident status effect on mutual funds

Q & A Forum › Category: Mutual Funds › Change of Resident status effect on mutual funds

Girishy asked 8 years ago

I m investing in mutual funds SIP 30000 per month. After 6 months I'm migrating to CANADA as I m getting PR. I have income source in India as rent from property. I want to continue in mutual funds for 15-20 years. What will be the tax when I redeem the amount after 15-20 years.

2 Answers

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Sreekanth Staff answered 8 years ago

Hi, Kindly go through below articles @ https://www.relakhs.com/mutual-funds-taxation-rules-capital-gains-tax-rates-on-mfs-fy-201516/ https://www.relakhs.com/double-taxation-avoidance-agreement/

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Sreekanth Staff answered 8 years ago

Also, you need to get your residential status updated across all your baking/investment relationships. https://www.relakhs.com/fatca-compliance-requirements-impact-mutual-fund-investments/