- Capital gain arises on transfer of capital assets. In your case, gain/loss will arise when stocks will be actually sold and gain is realized and not on unrealized gain.
US based stocks in a US brokerage account - capital gains tax
For a person staying in India with OCI (US Citizen), RESIDENT STATUS for tax purposes - i am holding stocks ( in a US based brokerage account) My question, how does Capital gains taxation work in india - Do they tax only when i realize income from selling the Stocks OR do they tax based increase in value of the stocks even i i have not sold/not realized. When does Capital gains tax apply?
Asked 4 years ago in Capital Gains Tax
Dear Sir,
Hope you are doing well !!
They do tax only when you realize income from selling the Stocks.
Hi
Capital gains shall be taxable in the year of sale. There is no tax on increase in value of the stocks.
Hello Sir,
Capital gain tax liability will be arise only on transfer/sale of assets.
You don't need to pay the taxes on increased value.
They tax it only when you sell it and get any income and not on notional gain.
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Thank you.
Hello,
The income tax on capital gain would be applicable when you realize income from the transfer of these stocks.
Regards,
CA Hunny Badlani
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