Tax and Regulation (17)

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

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

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

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

Am I liable to pay tax when I remit the funds back to India?

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

What is the definition of Long-term Capital Asset (LTCA) and Short-term Capital Asset (STCA) w.r.t foreign listed securities? What are the tax rates if any capital gain (Long term or Short term) is accrued on sale of such Capital Assets?