As an NRI, you might be keen to capitalize on investment opportunities back home. By becoming aware of the tax nuances, you can also get the best value for your investments.

If you are unsure about what you can claim, deduct and expense before arriving at your tax payable figure, then here are three points to help you out.

No tax is deducted at source by the mutual funds for capital gains and investor is therefore liable to pay taxes, if any. Knowing how to go about paying these taxes can make your life a lot less complicated.

No tax is deducted at source by the mutual funds for capital gains and investor is therefore liable to pay taxes, if any. Knowing how to go about paying these taxes can make your life a lot less complicated.

Earnings from debt funds can come either in the form of dividends or capital gains or even both. While dividends are tax free after you have received them, capital gains are taxed post being realised. Here is how you add the capital gains to your tax return filing.

These are practical lessons that I learnt only from actually investing rather than just talking about them with experts or by reading about them.

Starting from financial year 2018-19 (Assessment year 2019-20) long term capital gains on equity funds are taxable. This is subject to (i) a grand-fathering clause which eliminates capital gains upto January 31, 2018; and (ii) a threshold of Rs 1 lakh per year.

This year try to get a jump start on this activity. Plan and execute your tax saving investments now.