Question ID :
39287
LTCG on sale of US Securities by Indian Resident
If a person who is filing the ITR as a Resident this year and who has some Long-term capital gains from sale of equities of US outside India, whether it is taxable in India and if taxable, at which rate.
As per my knowledge, Section 5 says that every Resident is liable for taxes on income earned from from outside India as well.
and Also, as per section 112: LTCG is taxable @ 20%. Hence, the LTCG on sale of Securities of US is taxable @ 20% in India.
Posted by
CA Neha Gupta
on
Jul 12, 2019
Filed Under
DIRECT TAXES
Yes, the gain will be taxable in india as LTCG or STCG as the case me be . However can get the benefits of DTAA.
Posted by
CA. BISHT RAKESH on
Jul 16, 2019