Comment on NRI trading on Indian Stock Exchanges
commented on
20 Jun 2017, 12:13 AM
I am still a little confused by the “non-repatriable” clause. Basically you said that if the trading is done on a “non-repatriable” basis, you will treat the account as a resident account and the charges will be lowered.
1. I think an NRO account is treated as a “non-repatriable” account so if I link that to my PIS account and trade from there, would I be charged like a resident? But technically I can repatriate money from my NRO account by filing a 15CA / 15CB form. Is this now not possible?
2. If I link an NRE account and buy shares using that money, when I sell the shares tomorrow, does that money directly go to the NRE account? Also is TDS done?