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From October 1, individuals investing in foreign stocks, mutual funds, or cryptocurrencies abroad will have to pay a 20% TCS if they spend over a certain amount in a financial year
Any gains or loss arising from transfer of the shares is chargeable to tax as capital gain or capital loss.
Many individuals having investments in foreign shares, or having bank account in foreign country are required to report their foreign assets and incomes in their income tax return form. However, many people are struggling to report these incomes in their tax return form. Here is a step by step guide to report foreign incomes in ITR form.
Many individuals having investments in foreign shares, or having bank account in foreign country are required to report their foreign assets and incomes in their income tax return form. However, many people are struggling to report these incomes in their tax return form. Here is a step by step guide to report foreign incomes in ITR form.
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