Taxtation of nri
This query is : Resolved
vaibhav joshi
(Querist)
16 August 2013
My Client has Income from Sale of securities listed on new work stock exchange. she was NRI having NR/OR status at the time of purchase of the stock. It was sold during current year when she is resident.what is tax implication of the above transaction.
CA UMESH DULAL
(Expert)
16 August 2013
since she is Resident in the year when the shares are sold. Tax is payable by her in restpect of such share.
Check provision of DTAA if there is relief if any on tax paid on USA
Check provision of DTAA if there is relief if any on tax paid on USA
CA Mukesh Jain S
(Expert)
16 August 2013
Capital gain will be sale price - purchase price. If the shares are held for > 1 year then it should be considered as long term capital gain & you can claim indexation benefit. Please note that exemption u/s 10(38) will not be available since the transaction is not charged with STT.
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
- EPF ECR NEW FILE SEP 17TH 2026
- Under marginal scheme
- GST on Renting godown to KFCSC for Storage of Raagi
- Capitalgain tax purposes for valuation report compulsory
- Import of Software Service.
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- Oct 2025 Invoices
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Depreciation Chart Companies Act
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
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
