A Roth IRA is funded by your post-tax income. Therefore, withdrawals are tax and penalty-free.   However, if you have had your Roth IRA for less than 5 years or you haven’t reached the retirement age of 59 and a half, the earnings can’t be withdrawn. If you withdrawal your earnings before maturity then tax […]

The STCG on debt funds are deducted at 30% TDS but the tax liable is as per your tax slab. Therefore, you are entitled to a refund as per your tax slab.   For LTCG, 20% TDS is deducted and the tax liable on LTCG is also 20% along with indexation benefits. Therefore, in this […]

Taxation on Mutual Funds for NRI: Different types of Mutual Funds are taxed differently   *(Equity Funds: An equity fund is a mutual fund that invests principally in stocks)   *(Debt Funds: A debt fund is a mutual fund that invests in fixed-interest generating securities such as corporate bonds, government securities)   Nature of Profits […]

After returning to India, you will have the RNOR (Resident but not Ordinarily Resident) Status.   The NRE Deposits need not be converted to resident accounts after your return to India. They can remain as-is till maturity.   Consult NRI Taxation Expert   There are certain benefits of the RNOR status: They don’t have to […]