{"id":280,"date":"2025-05-27T09:23:47","date_gmt":"2025-05-27T09:23:47","guid":{"rendered":"https:\/\/vcarefirst.in\/blog\/?p=280"},"modified":"2025-05-27T09:23:48","modified_gmt":"2025-05-27T09:23:48","slug":"sale-of-capital-assets-mutual-funds-for-nris-fy-2024-25-onwards","status":"publish","type":"post","link":"https:\/\/vcarefirst.in\/blog\/2025\/05\/27\/sale-of-capital-assets-mutual-funds-for-nris-fy-2024-25-onwards\/","title":{"rendered":"Sale of Capital Assets & Mutual Funds for NRIs \u2013 FY 2024\u201325 Onwards"},"content":{"rendered":"\n

<\/p>\n\n\n\n

By VCAREFIRST | Simplifying NRI Compliance<\/p>\n\n\n\n

Selling assets in India as an NRI? Whether it\u2019s property, mutual funds, or shares, there are important tax rules, FEMA guidelines, and repatriation procedures to follow. This guide covers all the key updates for FY 2024\u201325, including the latest changes to capital gains tax and indexation rules.<\/p>\n\n\n\n

\ud83d\udcca Updated Capital Gains Tax Rates for NRIs (FY 2024\u201325) (New Tax Regime)<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

Asset Type<\/strong><\/td>Holding Period<\/strong><\/td>Short-Term Tax Rate<\/strong><\/td>Long-Term Tax Rate<\/strong><\/td>Indexation Benefit<\/strong><\/td><\/tr>
Listed Equity Shares<\/td><= 12 months<\/td>15% <\/strong>(if transfer before 23 July 2024)<\/td>10%<\/strong> (above \u20b91.25 lakh) (if transfer before 23 July 2024)<\/td>\u274c No<\/td><\/tr>
20%<\/strong> (if transfer after 23 July 2024)<\/td>12.5%<\/strong> (above \u20b91.25 lakh) (if transfer after 23 July 2024)<\/td><\/tr>
Equity Mutual Funds<\/td><= 12 months<\/td>15% <\/strong>(if transfer before 23 July 2024)<\/td>10%<\/strong> (above \u20b91.25 lakh) (if transfer before 23 July 2024)<\/td>\u274c No<\/td><\/tr>
20%<\/strong> (if transfer after 23 July 2024)<\/td>12.5%<\/strong> (above \u20b91.25 lakh) (if transfer after 23 July 2024)<\/td><\/tr>
Debt Mutual Funds (post-Apr 1, 2023)<\/td>Any duration<\/td>As per slab (max 30%)<\/td>\ud83d\udeab LTCG classification removed<\/td>\u274c No<\/td><\/tr>
Unlisted Shares<\/td><= 24 months<\/td>As per slab<\/td>20%<\/strong> (if transfer before 23 July 2024)<\/td>\u2705 Yes<\/td><\/tr>
12.5%<\/strong> (if transfer after 23 July 2024)<\/td>\u274c No<\/td><\/tr>
Gold\/Jewellery<\/td><= 24 months<\/td>As per slab<\/td>20%<\/strong> (if transfer before 23 July 2024)<\/td>\u2705 Yes<\/td><\/tr>
12.5%<\/strong> (if transfer after 23 July 2024)<\/td>\u274c No<\/td><\/tr>
Real Estate (Purchased before 23 July 2024)<\/td><= 24 months<\/td>As per slab<\/td>20%<\/td>\u2705 Yes<\/td><\/tr>
Real Estate (Purchased after 23 July 2024)<\/td>> 24 months<\/td>As per slab<\/td>12.5%<\/td>\u274c No<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\ud83d\udcca Updated Capital Gains Tax Rates for NRIs (FY 2024\u201325) (Old Tax Regime)<\/strong><\/p>\n\n\n\n

<\/p>\n\n\n\n

Asset Type<\/strong><\/td>Holding Period<\/strong><\/td>Short-Term Tax Rate<\/strong><\/td>Long-Term Tax Rate<\/strong><\/td>Indexation Benefit<\/strong><\/td><\/tr>
Listed Equity Shares<\/td><= 12 months<\/td>15%<\/td>10% (above \u20b91 lakh)  <\/td>\u274c No<\/td><\/tr>
Equity Mutual Funds<\/td><= 12 months<\/td>15%<\/td>10% (above \u20b91 lakh)  <\/td>\u274c No<\/td><\/tr>
Debt Mutual Funds (post-Apr 1, 2023)<\/td><= 36 months<\/td>As per slab<\/td>20%<\/td>\u2705 Yes<\/td><\/tr>
Unlisted Shares<\/td><= 24 months<\/td>As per slab<\/td>20%  <\/td>\u2705 Yes<\/td><\/tr>
Gold\/Jewellery<\/td><= 36 months<\/td>As per slab<\/td>20%  <\/td>\u2705 Yes<\/td><\/tr>
Real Estate<\/td><= 36 months<\/td>As per slab<\/td>20%<\/td>\u2705 Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/p>\n\n\n\n

\n
\"\"<\/figure>\n<\/figure>\n\n\n\n

<\/p>\n\n\n\n

\ud83d\udcdd Grandfathering Clause:<\/strong> If property was purchased before 23 July 2024, the seller can choose between 20% with indexation or 12.5% without.<\/p>\n\n\n\n

\ud83d\udd01 Repatriation of Sale Proceeds \u2013 Step-by-Step for NRIs<\/strong><\/p>\n\n\n\n

Once you’ve sold an asset, you may want to transfer the funds abroad. This is allowed, but FEMA requires documentation and bank approval.<\/p>\n\n\n\n

\u2705 Route Funds via NRO Account<\/strong><\/p>\n\n\n\n

    \n
  • Proceeds must be credited to your NRO (Non-Resident Ordinary) account.<\/li>\n\n\n\n
  • Direct transfers from savings\/resident accounts are not permitted.<\/li>\n<\/ul>\n\n\n\n

    \ud83d\udcb8 Annual Limit:<\/strong><\/p>\n\n\n\n

      \n
    • Up to USD 1 million per financial year can be repatriated.<\/li>\n\n\n\n
    • Includes sale proceeds, rent, interest, pensions, etc.<\/li>\n<\/ul>\n\n\n\n

      \ud83d\udcc4 Required Documents:<\/strong><\/p>\n\n\n\n

        \n
      • Form A2 \u2013 A form to be filled and submitted to the bank for repatriation requests.<\/li>\n\n\n\n
      • Form 15CA \u2013 Online declaration filed on the Income Tax portal.<\/li>\n\n\n\n
      • Form 15CB \u2013 Certificate by a Chartered Accountant confirming tax compliance.<\/li>\n\n\n\n
      • PAN, Passport, Visa<\/li>\n\n\n\n
      • Sale deed\/redemption statements<\/li>\n\n\n\n
      • Tax payment\/TDS proof<\/li>\n\n\n\n
      • FEMA compliance declaration<\/li>\n\n\n\n
      • \u2705 Form 15CB is mandatory for most remittances above \u20b95 lakh unless specifically exempted.<\/li>\n<\/ul>\n\n\n\n

        \u2705 Do\u2019s for NRIs Selling Capital Assets<\/strong><\/p>\n\n\n\n

          \n
        • \u2714\ufe0f Update PAN with NRI status<\/li>\n\n\n\n
        • \u2714\ufe0f Open\/Use NRO\/NRE accounts<\/li>\n\n\n\n
        • \u2714\ufe0f Calculate holding period correctly<\/li>\n\n\n\n
        • \u2714\ufe0f Apply for Form 13 (Lower\/Nil TDS) if eligible<\/li>\n\n\n\n
        • \u2714\ufe0f File ITR in India if income > \u20b92.5 lakh or to claim refund<\/li>\n\n\n\n
        • \u2714\ufe0f Use exemptions (Sec 54, 54EC, 54F) if conditions are met<\/li>\n\n\n\n
        • \u2714\ufe0f Declare under FATCA\/CRS in all investments\/bank KYC<\/li>\n<\/ul>\n\n\n\n

          \u274c Don\u2019ts for NRIs<\/strong><\/p>\n\n\n\n

            \n
          • \u274c Do NOT use old resident savings accounts<\/li>\n\n\n\n
          • \u274c Do NOT rely on buyer to manage TDS alone\u2014oversee it yourself<\/li>\n\n\n\n
          • \u274c Do NOT forget to file ITR even if TDS was deducted<\/li>\n\n\n\n
          • \u274c Do NOT ignore Form 15CA\/CB for remittance<\/li>\n\n\n\n
          • \u274c Do NOT underreport capital gains\u2014even if money stays in India<\/li>\n<\/ul>\n\n\n\n

            \ud83d\udcd1 TDS on Sale of Assets for NRIs<\/strong><\/p>\n\n\n\n

            Property: 20% on LTCG (with indexation) or 12.5% (without indexation), plus surcharge & cess, As per Slab on STCG<\/p>\n\n\n\n

            Equity: 10% or 12.5% on LTCG above \u20b91.25 lakh, 15% or 20% on STCG depending on tax regime<\/p>\n\n\n\n

            Debt\/Unlisted Shares: 20%-30% depending on holding period and tax regime<\/p>\n\n\n\n

            \ud83d\udca1 Apply Form 13 to reduce TDS if total capital gain is small or exemption is applicable.<\/p>\n\n\n\n

            \ud83e\uddfe Example: Selling Real Estate in FY 2024-25<\/strong><\/p>\n\n\n\n

              \n
            • Scenario: Anita, an NRI in Canada, sells her Mumbai apartment (purchased in 2016) for \u20b91.5 crore in September 2024.<\/li>\n\n\n\n
            • She chooses 20% LTCG tax with indexation (grandfathered).<\/li>\n\n\n\n
            • Buyer deducts TDS at 20% + cess on \u20b980 lakh gain.<\/li>\n\n\n\n
            • Funds are deposited in her NRO account.<\/li>\n\n\n\n
            • Her CA issues Form 15CB.<\/li>\n\n\n\n
            • Anita files Form 15CA, and her bank processes the repatriation.<\/li>\n<\/ul>\n\n\n\n

              \u2705 Result: <\/strong>Funds legally transferred abroad, and she files ITR for refund or compliance.<\/p>\n\n\n\n

              \ud83d\udccb NRI Compliance Checklist<\/strong><\/p>\n\n\n\n

              Task                                                                                       Status<\/p>\n\n\n\n

              PAN & NRI KYC\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2705<\/p>\n\n\n\n

              Asset holding period determined\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2705<\/p>\n\n\n\n

              TDS deducted or Form 13 applied\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2705<\/p>\n\n\n\n

              Form 15CA\/15CB completed\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2705<\/p>\n\n\n\n

              Funds repatriated via NRO\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2705<\/p>\n\n\n\n

              ITR filed with capital gains\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2705<\/p>\n\n\n\n

              FATCA\/CRS declarations updated\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2705<\/p>\n\n\n\n

              \ud83d\udcac Need Help With Tax Filing, Form 15CB, or Repatriation?<\/strong><\/p>\n\n\n\n

              VCAREFIRST supports NRIs with:<\/strong><\/p>\n\n\n\n

                \n
              • Capital gains tax computation<\/li>\n\n\n\n
              • TDS & refund advisory<\/li>\n\n\n\n
              • Form 13, Form 15CA\/CB documentation<\/li>\n\n\n\n
              • ITR filing with exemptions<\/li>\n\n\n\n
              • Real estate repatriation compliance<\/li>\n<\/ul>\n\n\n\n

                \ud83d\udce7 Email: support@vcarefirst.in<\/p>\n\n\n\n

                \ud83d\udcde Call\/WhatsApp: +91 73831 82273<\/p>\n\n\n\n

                \ud83d\udc49 Login: https:\/\/www.login.vcarefirst.in<\/p>\n","protected":false},"excerpt":{"rendered":"

                By VCAREFIRST | Simplifying NRI Compliance Selling assets in India as an NRI? Whether it\u2019s property, mutual funds,<\/p>\n","protected":false},"author":2,"featured_media":281,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,19],"tags":[49,51,13,9,15,10,12,8,52,50,11,4],"class_list":["post-280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mutual-funds","category-nri","tag-capitalgainstax","tag-form15cb","tag-incometaxindia","tag-indiantaxation","tag-nri-2","tag-nricompliance","tag-nristatus","tag-nritax","tag-nritaxfiling","tag-repatriation","tag-taxresidency","tag-vcarefirst"],"_links":{"self":[{"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/posts\/280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/comments?post=280"}],"version-history":[{"count":1,"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/posts\/280\/revisions"}],"predecessor-version":[{"id":283,"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/posts\/280\/revisions\/283"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/media\/281"}],"wp:attachment":[{"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/media?parent=280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/categories?post=280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vcarefirst.in\/blog\/wp-json\/wp\/v2\/tags?post=280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}