How capital gains on foreign shares are computed and taxed in India
· livemint.com
Upon returning to India, the person must compute capital gains from US shares in INR, using the exchange rate from the sale date. No concessions for rupee depreciation apply. Long-term gains are taxed at 12.5%, and disclosure of foreign assets is required for tax purposes.
I returned to India in 2023 after working in the US for over 15 years. During my stay in the US, I had acquired shares of several companies listed on the NYSE. ...