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
thanks in advance
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.
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.
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