LTCG rules for unlisted shares for NRIs changed; tax rate hiked 25%
Thu, Aug 8, 2024 1:25 PM

LTCG rules for unlisted shares for NRIs changed; tax rate hiked 25%

A Flip by Shubhangi Gupta
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The Indian government has amended the long-term capital gains (LTCG) rules for unlisted shares held by Non-resident Indians (NRIs), removing the benefit of foreign currency adjustment and increasing the LTCG tax rate from 10% to 12.5%. This change will increase the tax liability for NRIs and impact their returns from unlisted shares.

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