• CG on redemption of investment in NPS Tier 2 under All Citizens model

I wish to know how would I be able to know the Capital Gains on partial / full redemption of investment in NPS Tier 2 under All Citizens option.

Also what would be the CG in the event of change of :
(a) Pension Fund Manager 
(b) investment rebalancing between the invested percentages in Equity, Corporate Bonds and Government Bonds

Where can the investor get the Capital Gains Statement for payment of Advance Tax and for Income Tax filing purposes?
Asked 5 months ago in Capital Gains Tax

Firstly identify whether the investment is equity or debt oriented, basis which capital gain would be taxable?

a) In case of switch between the fund managers, capital gain/loss would be determined and taxable accordingly basis on short term/long term capital gain.

b) No tax

 

Consult professional for calculation of payment of advance tax and ITR filing. We can assist you.

 

For detailed discussion you may opt for phone consultation


There is no specific provision for the taxability of withdrawal from NPS Tier-II. It is taxable like investments in the mutual funds.

Vivek Kumar Arora
CA, Delhi
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