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shares of an american company

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2011 If an Indian citizen (individual) holds shares of an AMerican company, would he be subject to any tax on sale of such shares.

Also how should such shares be accounted for. Should they be shown in AIR
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CA MANOJ GUPTA

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CA MANOJ GUPTA (Expert)
12 May 2011 ANY INCOME OF A RESIDENT IS TAXABLE IN INDIA
THE GAINS WOULD BE TAXED IN USA ALSO
BY VIRTUE OF DTAA ART 13
HOWEVER DOUBLE TAX RELEIF WLD BE ALLOWED TO THE ASSESSEE
CA MANOJ GUPTA
JODHPUR
09828510543

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