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TDS deduction on capital gains: Play by different rules once you turn NRI

A person moving abroad needs to be aware of the changed taxation and investment norms that apply to him once he becomes an NRI, and comply with them

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Ltcg

Sanjay Kumar Singh 



Illustration by Binay Sinha
Illustration by Binay Sinha

Recently, the Budget imposed a 10 per cent long-term capital gains (LTCG) on equities. This will be deducted at source (TDS) on non-resident Indians (NRIs). The TDS norm doesn’t apply to resident Indians. A person moving abroad needs to be aware of the changed taxation and investment norms that apply to him once he becomes an NRI, and comply with them.

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First Published: Thu, February 15 2018. 05:32 IST

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