LRS for Motilal Oswal NASDAQ 100 ETF

Taxation
1

Is there a limit on how much I can invest in Motilal Oswal NASDAQ 100 Exchange Traded Fund under LRS? Does it come under LRS as I am basically paying an Indian company (Motilal Oswal). Do I have to report such investment in income tax filling under LRS ? @Quicko

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2

It’s an Indian ETF. You can buy how much ever you want. No LRS etc

3

When you sell the ETF, you need to report the income or loss in that financial year. It should be reported as a Capital Gains Income.

4

I know we need to report capital gains but do we also need to report investments under LRS? @Quicko

5

Nope

6

No this ETF is under Indian IT act. The MF is however classified as a debt mutual fund and not equity mutual fund as its not investing in Indian equity. @Quicko: Can you please elaborate on taxation of Indian residents for investing in this ETF ?

7

Here is taxation on Mutual Funds in the case of a resident:
Equity Mutual Fund
LTCG - 10% in excess of Rs. 1 lac under Sec 112A
STCG - 15% under Sec 111A
Debt Mutual Fund
LTCG - 20% with benefit of indexation
STCG - income tax slab rates
Set Off and Carry Forward Loss
LTCL - Can be set off against LTCG and carried forward for 8 years
STCL - Can be set off against STCG and LTCG and carried forward for 8 years

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