NRIs CORNER - CAPITAL GAINS As the name suggests capital gains are profits arising upon sale of capital assets such as shares, securities, immovable properties etc.
NRIs are offered a unique benefit of paying tax on gains computed in foreign exchange earnings i.e.[ profits after considering the devaluation of rupee] as regards profits from shares and securities held for more than 1 year. For other assets held for more than 3 years at par with residents, NRIs are also granted the benefit of " cost indexation"; exemption as regards investment in capital bonds and exemption re: reinvestment in house properties or listed securities etc. The subject is defined as under: Capital Gains from Shares & Debentures. in case of non-resident
Capital Gain Arising From Sale Of Residential Property Held For More Than 3 Years
Capital Gain of Immovable Property & Other Assets Held For More Than 3 Years.
Capital Gain of Immovable Property & Other Assets Held For 3 Years. or less
Long Term Capital Gain of Specified Assets
Exemption of Long Term Capital gains of other Assets upon investment in Residential Property
Exemption of Long Term Capital gains upon investment in specified Bond