Comment on Taxation Simplified

Nithin Kamath commented on 01 Feb 2013, 03:30 PM

Venki, the short term capital gain of 15% (if you are trading as an investor) or the tax exemption for long term capital gain is only if they are traded on the recognized stock exchanges in India and for which STT is already paid.

In your case it is not so as they are listed on Nasdaq. In such a case any gain will be considered as an income and should be added to your other income(salary, rent etc) and you have to pay taxes according to normal taxation as per the slab you are in.

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