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Taxability of Capital Gain NRI

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Arjun Gohil

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27 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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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.