Indexation benefit & surcharge on foreign stocks
This query is : Resolved
13 July 2024
Experts, please advise on the below query.
Is the Indexation benefit applicable for US stocks in India. Say I hold MSFT for 3 years and later sell it, will I get Indexation benefit on this?
Second, is the surcharge of 15 pct flat on LTCG for value above 1 cr or are there slabs?
Is the Indexation benefit applicable for US stocks in India. Say I hold MSFT for 3 years and later sell it, will I get Indexation benefit on this?
Second, is the surcharge of 15 pct flat on LTCG for value above 1 cr or are there slabs?
14 July 2024
you get an LTCG on foreign shares tax rate of 20% plus applicable surcharge and cess. There's also an indexation benefit that adjusts the purchase cost for inflation, reducing your taxable gains.
It's flat 15%.
It's flat 15%.
14 July 2024
Thank you. Really appreciate
14 July 2024
You are welcome..
...
...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- NON- SUBMISSION OF LLP FORM 3
- Last year TDS Claim
- Regarding IMS Mandatory from 1st July 2026
- Free lancer income
- What is provisional receipt number for generation of form 16A
- BIS Certificates
- RNOR Status but Investments more than Income
- Scrutiny assessments u/s 143(2) for AY 25-26
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- Share accounting-->fifo - capital gain - period as per fifo?
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
