Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Tax rate on Foreign equity trading (https://www.askmehelpdesk.com/showthread.php?t=142845)

  • Oct 20, 2007, 10:15 AM
    sudh1982
    Tax rate on Foreign equity trading
    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.
  • Oct 20, 2007, 05:20 PM
    AtlantaTaxExpert
    Short term rate is your marginal tax rate.

    Long term rate (more than one year) is either 5% or 15%.
  • Oct 20, 2007, 05:27 PM
    The Texas Tax Expert
    For a Non-Resident, it is zero. You pay no US tax on the gains.
  • Oct 22, 2007, 09:52 AM
    AtlantaTaxExpert
    I yield to TTE's greater expertise on this issue!

    • All times are GMT -7. The time now is 02:07 PM.