View Full Version : Tax rate on Foreign equity trading
sudh1982
Oct 20, 2007, 10:15 AM
If an individual residing in india is doing trading in foreign equity say NASDAQ of USA.
Then what is percentage rate for income tax applicable for such earnings.
AtlantaTaxExpert
Oct 20, 2007, 05:20 PM
Short term rate is your marginal tax rate.
Long term rate (more than one year) is either 5% or 15%.
The Texas Tax Expert
Oct 20, 2007, 05:27 PM
For a Non-Resident, it is zero. You pay no US tax on the gains.
AtlantaTaxExpert
Oct 22, 2007, 09:52 AM
I yield to TTE's greater expertise on this issue!