Share trading

1. amount  and rate of tax depends whether assessee is individual or company. in case of company 30% + 3% cess on tax, incase of individual slab rate applies. apart from that surcharge alos applies differentli for individual and company.

2. Since you are British citizen,  and also resident as per British tax rules, definitely you will also be liable for tax in Britain.

3. You can take money from India after paying due taxes in India that too up to certain limits. general limit at present is USD 10 million.

4. These all depends on all related matters. No streight formulae is applicable for every situation. It can be decided after considering so many factors.

Anil Jain

Chartered Accountant

9968384056

Hi Anil Jain,

Thanks for your response. Regrading taking funds back from India to UK, how straight forward is it to take funds back ? I have heard that I need to get a sort of no tax dues certificate from CA and if this is the case approximately, how much would CA charge for this ?

Regards,

Prav

Ther is no price list fixed for it.

It all depends on how easy or complicated the certificate is.

hi,

 if u wanted to invest in share market than provide your details on Taxplus28 @ gmail.com,i can help u understand the market.

thanks