http://www.pathanamthittamp.com/nri-share-trading-india/
What will be the income tax on profit which I make in online share trading while being abroad?
I hold a demat account in India and since I work outside india since last 3 years (NRI ?), I want to know what will be my tax implications on profit which I make in online share trading? Will the profit fall on to the same tax slabs like resident indians or it will be calculated in some other method? Expect some advice from yahoo memebrs. Many thanks in advance for yor time.
For shares trading activity you will be taxed just like any other Indian. No difference between a resident Indian and NRI .
If it is purely a trading activity (not capital gains), then the tax will be as per slab rate.
For capital gains it is 15% for short term capital gains (less than one year holding) and no tax on shares sold after 12 months .
PIO TV News Headlines from India for PIO/NRI,27 Aug,2007