Can I take indexation benefit on transfer of foreign listed securities?

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• Can I set off the losses incurred on transfer of foreign listed securities with my other income in India?

  All Short-term capital losses arising on sale of foreign listed securities can be set off against both short term and long-term capital gains in India. However, any long term capital loss arising on sale of foreign listed securities can only be set ...

• Can I carry forward the losses incurred from dealing in foreign listed securities under Income Tax Act?

  Yes. The losses arising from the sale of foreign listed securities can be carried forward up to eight consecutive years while losses from speculative business can be carried forward for a period of 4 years. Disclaimer: This article is for ...

• Is there any tax implication on transfer/remittance of funds on the platform for making investment in foreign securities?

  Transfer of funds into an external platform would not result in any profit/gain as it involves only transfer of funds to self. Further no transaction has been undertaken / executed resulting in any transfer of any asset. However, w.e.f. 1st October ...

• What is the tax on dividend received from foreign listed securities?

  A percentage of TDS applies only on the customer’s dividend earnings. This is when stocks in their portfolio give out dividends to their investors. US and India have a Double Taxation Avoidance Agreement (DTAA). This means that the customer pays tax ...

• Is there a limit on maximum number of foreign securities to be held by an Indian Resident?

  There is no maximum limit on the number of foreign securities that can be held by an Indian resident. However, under the LRS (Liberalized Remittance Scheme) an amount up to USD 2,50,000 per resident individual can only be remitted outside India in ...