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Is NRE PIS account tax-free?

No, only the amount of interest credited to an NRE bank account is tax-free.

Otherwise, all profits earned on multiple investment avenues like equity shares, mutual funds, etc. are taxable in India. Profits will be taxed as short-term or long-term capital gain depending upon the investment holding period. Tax will be deducted at source on NRI investment in India.

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