Capital gain through American stock market
This query is : Open
04 October 2021
Dear Sir,
One of my client has earned income through capital gain from American stock market. What is the way of computing Taxable income as per Indian law for capital gain from abroad.
Please help me in this matter.
Regards,
Divyesh Jain
One of my client has earned income through capital gain from American stock market. What is the way of computing Taxable income as per Indian law for capital gain from abroad.
Please help me in this matter.
Regards,
Divyesh Jain
04 October 2021
Long term capital gains arising from sale of foreign stocks attract tax at the rate of 20% plus surcharge and health and education cess along with benefit of indexation.
Claim tax relief if any tax paid outside India.
Claim tax relief if any tax paid outside India.
04 October 2021
What about Short term capital gain, if any
04 October 2021
Short term capital gains 15% tax payable.
04 October 2021
Also if the Accounting year in US is January to December, will the capital gain calculation be considered as per Indian law i.e. April to March.
04 October 2021
Yes, consider it as per Indian law.
04 October 2021
Ok, Thanks a lot for your valuable feedback.
04 October 2021
You are welcome.........
07 February 2022
One more doubt regarding this Sir, if the person has has received these shares by the way of ESOP from his company and he has sold these shares by an American broker how capital gain tax will be calculated in India
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