Thanks PK for the reply. Please find my additional details below
1. I'm a US resident on H1 with Indian Nationality. No green card or US citizen
2. I have investment accounts in the US Rith and 401k respectively.
3. I'm talking about investing in Indian Market by buying Mutual Fund units directly in india through indian amc. Example: Axis Bluechip Mutual Fund managed by Axis Bank Fund Managers.
My question is starting Jan 2025 I am planning to invest directly in Indian Mutual Funds as mentioned above and do not plan to sell any units for the next 15years as I plan to let it grow by compounding , so while filing 2025 taxes do we need to pay any tax on the gains even if I don't sell any units?
Hope this helps, I couldn't find a way to DM you.
