What are the tax implications in India if I am a Non-Resident Indian (NRI) residing in any country other than USA?
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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What happens to my account if I move to India or any other country?
Your Stockal account continues to remain valid despite your relocation.
Can NRIs invest via Stockal?
Yes, NRIs can invest through Stockal. If the funding is being done through their NRE account or a foreign bank account that does not fall under LRS, a direct online bank transfer can be performed.However, if an NRI wishes to add funds through his NRO ...
What are the KYC documents required for NRIs?
The following KYC documents are required for ID& Address proof for NRIs - List of valid identification proof - Resident Permit (front& back) - National ID (front& back) - Passport (with photo) - Drivers License (front& back) List of valid Address ...