Download Tax Saving Mutual Fund Application Forms
Invest In Tax Saving Mutual Funds Online
Leave a missed Call on
94 8300 8300
Can NRIs subscribe to bonds in India? An NRI is eligible subscribe to corporate deposits, NCDs and PSU bonds issued in India. However the issuer should specifically enable the ‘NRI Window’ in an offer. Tax free bonds Public issue is open for NRIs to subscribe on both repatriable and non-repatriable basis. What will be the tax treatment of income from Tax Free Bonds for NRI? The interest on these bonds is tax free. Thus no income tax would be required to be paid, nor will it be subject to TDS. However, capital gains on these bonds (if any) are taxable like normal corporate bonds. Thus capital gains will be subject to TDS as usual.
Which accounts/facilities are required to invest in these bonds?
An NRI can apply to these bonds through their NRE/NRO accounts. To apply on repatriable basis: Apply with a rupee denominated draft/cheque drawn on an NRE account. To apply on non-repatriable basis: Apply with a rupee denominated draft/cheque drawn on an NRO account.
How can NRIs withdraw their investments from these bonds?
Can NRIs repatriate the proceeds to the foreign country? The bonds will be listed on exchanges and can be sold any time before maturity. Otherwise the investor can wait up to maturity when the lender would return the face value. Only bonds in demat form can be traded. The sale can be made through any broker. The interest income on these bonds can be repatriated after obtaining a certificate from a chartered accountant that the said amount is eligible for repatriation. In case the application is made on a repatriable basis, the funds can be taken to the foreign country of the NRI. What Documents would be required to apply to these bonds? If application in made for allotment in physical form, the following documents would be required: Indian Passport PAN Card issued by Indian Income Tax Department Overseas address proof: Such as utility bills, driving license, bank details.
In which account will NRIs receive the interest and redemptions?
In case of application in demat form, the payments will be made to the bank account connected through the demat account. In case of application by demat form, a copy of a cancelled cheque on the account, in which the investor wishes to receive payment, is to be attached to the form. The account in which payments are received can be different from which the application is made. However, in both these cases, note that if initial investment is made from an NRO account, the payments will have to be received in NRO account. If investment is made from NRE account, the payments can be received in both NRO or NRE account. What Demat details are required? The applicant needs to provide the beneficiary account number and depositary participants identification number in the application form. The name in application form should be identical to those appearing in the demat accounts.
For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call
Leave a missed Call on 94 8300 8300
Leave your comment with mail ID and we will answer them
OR
You can write back to us at
PrajnaCapital [at] Gmail [dot] Com
---------------------------------------------
Invest Mutual Funds Online
Download Mutual Fund Application Forms from all AMCs
Download Mutual Any Fund Application Forms
---------------------------------------------
Best Performing Mutual Funds
- Largecap Funds Invest Online
- DSP BlackRock Top 100 Fund
- ICICI Prudential Focused Blue Chip Fund
- Franklin India Bluechip
- ICICI Prudential Top 100 Fund
B. Large and Midcap Funds Invest Online
- ICICI Prudential Dynamic Plan
- HDFC Top 200 Fund
- UTI Dividend Yield Fund
- Birla Sun Life Front Line Equity Fund
- Franklin India Prima
C. Mid and SmallCap Funds Invest Online
- Reliance Equity Opportunities Fund
- DSP BlackRock Small & Midcap Fund
- Sundaram Select Midcap
- IDFC Premier Equity Fund
- Birla Sun Life Dividend Yield Plus
- SBI Emerging Businesses Fund
- HDFC Mid-Cap Opportunities Fund
- ICICI Prudential Discovery Fund
D. Small and MicroCap Funds Invest Online
- DSP BlackRock MicroCap Fund
2. Franklin India Smaller Companies
E. Sector Funds Invest Online
- Reliance Banking Fund
- Reliance Banking Fund
- ICICI Prudential Banking and Financial Services Fund
F. Tax Saver Mutual Funds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
- DSP BlackRock Tax Saver Fund
- Reliance Tax Saver (ELSS) Fund
G. Gold Mutual Funds Invest Online
- Relaince Gold Savings Fund
- ICICI Prudential Regular Gold Savings Fund
- HDFC Gold Fund
- Birla Sun Life Gold
H. International funds Invest Online
1. Birla Sun Life International Equity Plan A
2. DSP BlackRock US Flexible Equity
3. FT India Feeder Franklin US Opportunities
4. ICICI Prudential US Bluechip Equity
5. Motilal Oswal MOSt Shares NASDAQ-100 ETF
Posts
No comments:
Post a Comment