News From Press India source income may be seen as accrued in India

India source income may be seen as accrued in India

Source: Livemint Jul 8, 2016

I’m living in London for the last 5 years. I have few Indian stocks and want to book a profit. How will I be taxed?

—Sayantan Chandra

Capital gain from sale of shares of an Indian company is taxable in India. The taxability will depend on the nature of the asset, holding period and residential status of the seller. Capital gain on sale of equities listed on a recognised stock exchange in India will be classified as long term if held for more than 12 months.

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