Comment on NRI trading on Indian Stock Exchanges

Nithin Kamath commented on 22 Nov 2015, 08:38 PM

Hey Tabz, Thanks. 🙂

You can definitely gift money to your relative/anyone u trust and trading can open on that account. The person receiving if he is showing money received as loan, there will be no tax implications. If he is profitable, he can even give interest to you and claim as expense (you will have to pay taxes then though :)). But if a person is trading actively, he is required to file the returns. This is kinda grey area, so best to consult a CA.

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