Taxability of Capital Gain NRI

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24 Points Posted on 23 October 2023

Hi,

I had a query

The assessee had invested in equity shares in India when he was resident in India. Now his residential status is Non Resident and the shares are long term in nature. Please guide me what will be the taxability in India if the assessee wishes to sell those shares now.

Thanks and Regards

 

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On 23 October 2023 at 14:07 Report
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Quick Summary
This discussion addresses the tax implications for a Non-Resident Indian (NRI) selling equity shares previously purchased while a resident. The shares are long-term in nature. The advice clarifies that capital gains from selling these shares will indeed be taxable in India for the NRI.

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Profession
19976 Points Posted on 25 October 2023
Taxability of capital gain nri not applicable.
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On 25 October 2023 at 06:30
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Practising CA
5649 Points Posted on 06 November 2023

It will be taxed as NRI

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On 06 November 2023 at 02:53

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