Comment on NRI trading on Indian Stock Exchanges

Sathya commented on 22 Dec 2015, 07:09 AM

1. Can i transfer the shares which i hold in Resident trading/demat account after opening NRI account in my name ? Any charges/taxes applicable ?

2. Is it possible and what is charge if one need to close Resident demat account and transfer shares as gift to NRI of family member ?

3. what is charge if one need to close NRI account and transfer shares to,
a) own Resident account
b) gift to family resident account holders?

4. When NRI becomes Resident,can it be possible to convert the same account to resident account and retain all my holdings,any charges/taxes applicable ?

5. Tax-implications for long-term or short-term capital again for NRI trading/demat account compared to Resident account holder?
Any other bank/brokerage/govt. legal charges applicable in contrast to Resident account.

6. what proof will be given for Short term capital gain TDS which can be used to avoid Double tax while filing foreign tax ? Also what proof is given for long-term capital gain?

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