How will my capital gains be taxed with DSP Global Equity Fund (GIFT city)?

How will my capital gains be taxed with DSP Global Equity Fund (GIFT city)?

Capital gains tax is payable at the fund’s level when they buy and sell foreign stocks. After that, no further tax payable at investor level, for resident or non-resident investors.

Capital Gains Tax (paid by fund)

  • Short-Term Capital Gains Tax (STCG): 42.74%
     Applicable for stocks held by the fund for < 24 months.

  • Long-Term Capital Gains tax (LTCG): 14.95%
     Applicable for stocks held by the fund for ≥ 24 months.

  • Dividends paid by stocks
    Taxed at 35.88%

*Inclusive of surcharges & cess.

During Investment:

For resident Indians 20% TCS applicable on foreign remittances exceeding INR 10 lakhs (as per LRS norms). The TCS can be claimed back as refund during ITR filing or adjusted against any other outstanding tax liability.