Comment on NRI trading on Indian Stock Exchanges

Hi Nitin,

For NRI in USA, just want to double check on the taxation.
1. Longterm holdings attract ZERO for NRI customers aswell correct?
2. The ZERO tax is applicable only in India then what about the taxes in USA for the gains? As I understand, the taxes would still be applicable in USA as there is no ZERO long term gain taxes, Is that correct understanding? OR the gains would not attract taxes in USA, due to some agreement between the countries?

Thanks,
Venkat

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