Is it possible to trade or invest in shares on Indian Stock Exchanges while living outside India as an NRI or PIO ?
What are the implications on Income Tax ?
CA Hardik Bunha
(self)
(2121 Points)
Replied 25 April 2012
who said it is not possible?
It is possible my friend,
you have to open your demate or MCX account with broker in india.
if you gain from shares and loss from shares yo have to file income tax return in india as non esident
if you have gain any exempt income from india you have to sill file income tax retun as non resident.
Sunder
(Business)
(165 Points)
Replied 26 April 2012
Now let me go a step further.
Is it possible to do Day Trading from abroad ? In this case is there any change as far as Income Tax is concerned ?
CA Hardik Bunha
(self)
(2121 Points)
Replied 26 April 2012
no matter if u make INTRADAY TRADING, CALL / PUT OPTION TRADING OR LONG / SHORT TRADING FROM abroad.
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