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Compliance requirements for investing in US markets

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Abhishek Jain

21 Points Posted on 07 October 2021

Hello,

I recently moved back to India and will be a tax resident of India this year. However, I had made some investments in the US/China stock market before moving back to India. A couple of questions

1. Are there any declarations that i need to make?

2. Also, these investments were made using a non-Indian platform, do i need to exit my investments from that platform?

3. If i continue my investments, do i need to make any declarations every year in my returns?

Replies (2)

Quick Summary

An Indian tax resident who previously invested in US/China markets is seeking clarity on compliance requirements. Key questions include necessary declarations, whether to exit investments made on non-Indian platforms, and ongoing annual filing obligations. It is strongly recommended to consult a tax specialist for personalised advice due to the complexity of the situation.

Kev Men

486 Points Posted on 08 October 2021

It is advisable you consult a tax expert / specialist as your case needs in-depth analysis. Discussing on the forum might not help in my humble opinion.