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Are investments made by NRIs/foreigners subject to the same tax implications as applicable to resident Indian?

April 26, 2017applicable foreigners implications indian investments NRIs resident Subject tax

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Are investments made by NRIs/foreigners subject to the same tax implications as applicable to resident Indian?

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NRIs are subject to lower rates of taxation. They have an option, either to choose the lower rate of tax on the capital gains or to choose the normal rate of tax if they want the cost to be indexed.

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Non-Resident Indians are subject to lower rates of taxation. They have an option either to choose the lower rate of tax on the capital gains or to choose the normal rate of tax if they want the cost to be indexed. This article forms a part of the latest issue of Money Simplified – The Definitive Guide to Tax Panning. Click here to download, for FREE, the complete guide.