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    sudh1982's Avatar
    sudh1982 Posts: 1, Reputation: 1
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    #1

    Oct 20, 2007, 10:15 AM
    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.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    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's Avatar
    The Texas Tax Expert Posts: 310, Reputation: 7
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    #3

    Oct 20, 2007, 05:27 PM
    For a Non-Resident, it is zero. You pay no US tax on the gains.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Oct 22, 2007, 09:52 AM
    I yield to TTE's greater expertise on this issue!
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