What are the tax implications in India if I am a Non-Resident Indian (NRI) residing in any country other than USA?

Modified on Thu, 05 Jan 2023 at 06:10 PM

It is to be noted that earning Capital Gains on Stockal Platform is not liable to tax in India. Irrespective of the country where NRI resides, any income of a non-resident is chargeable to tax in India only if it is accrued or received in India. As per ITA, deduction of expenditure or allowances is not available while computing investment income or long term capital gains. Also, indexation benefit is not available to an NRI while computing LTCG.

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