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NRIs can purchase and sell shares or equities on BSE and NSE. However, the capital gain or profit on sell of shares is taxable at the following rates;
| Meaning | Capital Gain tax rate | |
|---|---|---|
| Short-term capital gain | Profit on sell of shares within the holding period of one year, is called short-term capital gain. | STCG at the rate of 15% shall be levied. |
| Long-term capital gain | When an NRI sell equities after the period of 1 year or 12 months, such profits is long-term capital gain | NRI has to pay 10% tax on LTCG. Likewise residents, long-term capital gain upto Rs 100,000 is tax-free or tax-exempted for NRIs. |
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