No tax for NRI on selling shares if this happens
Synopsis Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using convertible foreign
Synopsis Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using convertible foreign exchange. This provision, under Section 215 of the Income Tax Act, 2025, allows for tax exemption if the sale proceeds are reinvested in specified Indian assets within six months. However, a three-year lock-in period applies to the reinvested assets.
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