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Sale of shares by non-resident

923 views 1 replies

Sarada

N.A.

63 Points Joined October 2009

- In case a non resident sells his shares, is FCTRS required to be filed,

a. if funds are not remitted outside India, i.e., instead of forex remittance, payment is made to his NRO account.

b. if consideration is other than cash (issue of shares of another co.).

Replies (1)

Ramalingam K

Founder & Director - Holistic Investment

21077 Points Joined October 2011

Creating a Checklist or ‘to-do list’ helps to ensure consistency and completeness in carrying out a task. Becoming an NRI is a major transition which definitely needs a checklist. Here is a personal finance check list to be taken care before departing from India. https://holisticinvestment.in/resident-to-nri Regards Ramalingam K, MBA, CFP, Director and Chief Financial Planner, Holistic Investment Planners “Best Performing Financial Advisor Award” Winners from CNBC TV18 www.holisticinvestment.in