Indexation benefit & surcharge on foreign stocks
This query is : Resolved
13 July 2024
Experts, please advise on the below query.
Is the Indexation benefit applicable for US stocks in India. Say I hold MSFT for 3 years and later sell it, will I get Indexation benefit on this?
Second, is the surcharge of 15 pct flat on LTCG for value above 1 cr or are there slabs?
Is the Indexation benefit applicable for US stocks in India. Say I hold MSFT for 3 years and later sell it, will I get Indexation benefit on this?
Second, is the surcharge of 15 pct flat on LTCG for value above 1 cr or are there slabs?
14 July 2024
you get an LTCG on foreign shares tax rate of 20% plus applicable surcharge and cess. There's also an indexation benefit that adjusts the purchase cost for inflation, reducing your taxable gains.
It's flat 15%.
It's flat 15%.
14 July 2024
Thank you. Really appreciate
14 July 2024
You are welcome..
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