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NRIs and share sales: Is LTCG avoidable?
September 30, 2025
|Mint Mumbai
I am an NRI who started investing in listed Indian shares in 2022 via my NRE account. I want to sell some shares and reinvest in others. Is there any capital gains exemption, similar to that for residential property?
Equity shares of listed companies held for over 12 months are treated as long-term capital assets, with gains taxed as long-term capital gains (LTCG) at 12.5% plus applicable cess and surcharge subject to relief under the relevant Double Taxation Avoidance Agreement (DTAA).
Under the Income-tax Act, 1961, Chapter XII-A (Sections 1I5C to 115I), Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) may claim exemption if sale proceeds are reinvested, subject to conditions:
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