What are the tax implications in India for Stockal, if I am an NRI residing abroad (in a country other than USA)?
Capital gains earned on investments through Stockal are not liable to taxation in India.
- Irrespective of the country that an NRI resides in, any income earned is liable to be taxed in India only if it is accrued/received in India.
- As per the Income Tax Authority, expense deductions and allowances are not available while computing investment income or Long Term Capital Gains (LTCG).
- Indexation benefits are not available to NRIs while computing LTCG.
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