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Indexation benefit & surcharge on foreign stocks

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faisal shukoor

faisal shukoor (Querist)
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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?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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%.

faisal shukoor

faisal shukoor (Querist)
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14 July 2024 Thank you. Really appreciate

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 July 2024 You are welcome..
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