Business Today

TAXES…

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Capital gains are only taxed in India

STCG (selling shares within 2 years) is taxed as per your income-tax bracket

LTCG (selling shares after 2 years) is taxed at 20 per cent

Dividend tax is levied both in the US and India

25 per cent flat rate in the US; this is withheld before you receive dividends

Tax paid on dividends in the US can be offset against tax liability in India

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