New clause for short-term capital gains for foreign stocks

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  1. pawancoe96

    pawancoe96 New Member

    Please refer following tutorial on short-term capital gain from Income-tax web-site:
    http://www.incometaxindia.gov.in/tutorials/14- stcg.pdf

    There is a new clause on capital gain from stocks, on page 6 and example on bottom of Page 7. It implies that even for stock-exchanges outside, section 111A would apply making the rate of taxation 15% similar to Indian stocks.

    Does anyone know about this ? Does it apply to company listed on US stock exchange i.e. Nasdaq
     
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