NRI tax rules: What happens to losses on foreign shares?
India — direction and magnitude withheld
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Key takeaway
NRI capital losses on UK shares cannot be set off against Indian capital gains — cross-border tax asymmetry raises the effective cost of holding foreign stocks.
- Step 1 · The triggerthe Income-tax Department's rules deny NRIs set-off of UK-share capital losses against Indian capital gains, raising the effective tax cost of cross-border portfolios
- Step 2 · Knock-onWithheld This step of the chain is withheld. The reason is set out in the notice above — a deliberate omission, not missing data.
- Step 3 · Reaches youdemand for NRI tax-advisory and disclosure-filing services rises, benefiting Indian CA firms specialising in cross-border compliance
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: livemint.com
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