Investing in unlisted shares by a resident foreigner
This query is : Resolved
26 August 2024
Can a resident foreigner invest in unlisted shares of NSE? He used to stay in the US and has US citizenship, but has now moved back to India for good. He hasn’t relinquished his US citizenship, and continues to file taxes in India and US. Also has a demat n trading account with Icici direct and actively invests in the secondary market. How easy or difficult would it be for him to invest in unlisted shares of NSE?
27 August 2024
He is resident of India filing ITR in india and paying taxes in India, so no problem he can invest in unlisted shares.
27 August 2024
Thanks so much for your response Mr Seetharaman! Appreciate it.
27 August 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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Opting our of sec 44AD
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Multiple trade mark
- FORM 26A APPLICABILITY
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
