Tax liability in share trading of nri

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2015 if an NRI having long term and short term capital gains (shares trading listed on a recongnised stock exchange) and intra day transactions in Shares trading, how to compute his tax liability?

thanks in advance

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

12 December 2015 1 long term capital gain exempted.
2 Short term capital gain 15% tax payable when it exceeds basic exemption limit.
3 Intra day transactions are speculative transactions slab rates applicable on profits. Losses set off only against speculative profits and can be carried forward for 4 years.

Message likes : 1 times