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Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI?

Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI?

Does Capital Gains Tax (CGT) apply to NRI/PIO/OCI?

Yes. Long-term and short-term capital gains are taxable in the hands of non-residents.

If you are an NRI/OCI/PIO, you would have to file your income tax returns if you fulfill either of these conditions:

A. Your taxable income in India during the year was above the basic exemption limit of 2.5 lakh

OR

B.You have earned short-term or long-term capital gains from sale of any investments or assets, even if the gains are less than the basic exemption limit. Note: The enhanced exemption limit for senior citizens and women is applicable only to residents and not to non-residents.

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