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What are the liabilities for short term capital gains for NRIs?
08-Jan-2023 (In Tax Law)
I moved out of India to US on May 2017. I am a professional forex trader trading in currency market. As the fiscal year is closing.I would like to know about my liabilities for short term capital gains from trading activities for NRIs. Thank you
LTCG in case of NRI is taxed at flat 15 %. NRI are not given indexation benefit as stipulated under the act. To claim shares and such sale of security shall be within ambit of LTCG and sold on floor of stock exchange.
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Adv. Ashish Agarwal
Lucknow | 100+ Answers
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