Try GOLD - Free
NRI taxes: when anti-abuse rules don't bite
Mint Hyderabad
|October 28, 2025
Tve been living in Dubai for 10 years and trade shares globally full time. In India, I also trade in unlisted stocks. Recently, I bought and sold shares of an unlisted Indian company within a few days through my NRO account, at prices below those quoted on popular websites. Will there be any tax implications in India for trading below market prices? —Namewithheld on request
Since you have mentioned that you are actively engaged in global trading in shares, it can be assumed that such trading forms part of your regular business activity. Accordingly, the shares acquired by you in India will be regarded as stock-in-trade, not as investments or capital assets held for long-term appreciation. In Indian income tax law, merely acquiring shares of an Indian firm does not create an immediate tax obligation. But, there’s an anti-abuse provision that taxes the receipt of certain specified property—either without consideration or for a consideration lower than its fair market value (FMV)—in the hands o
This story is from the October 28, 2025 edition of Mint Hyderabad.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Hyderabad
Mint Hyderabad
Beijing is playing the long game and even America is vulnerable
China's focus on self-reliance and dominance of key technologies has left the world dependent on it
3 mins
May 07, 2026
Mint Hyderabad
Don't let Idle cash lose its value: put it to work with sweep-in FDs
Savings accounts typically earn 2-4%, often well below inflation of 4-5%, eroding purchasing power over time
5 mins
May 07, 2026
Mint Hyderabad
AI drives growth at Meesho, but costs weigh on margins
Meesho will accelerate investments in AI-powered features in the coming quarters, after tech tools like voice search Vaani and recommendation engine Prism helped boost both transacting user base and purchase frequency in the January-March period.
1 mins
May 07, 2026
Mint Hyderabad
Ola Consumer board clears IPO plan amid losses, dwindling cash
Cab-hailing company Ola Consumer has begun preparations for an initial public offering (IPO) against the backdrop of rising losses, dwindling cash, and thinning market share.
3 mins
May 07, 2026
Mint Hyderabad
Bajaj Auto logs strong FY26, sees sales slowdown ahead
Bajaj Auto Ltd warned that demand for two-wheelers in India is likely to soften as rising raw material costs, driven by the West Asia conflict, push up vehicle prices and erode gains from recent goods and services tax (GST) cuts, even as it reported strong earnings growth and unveiled its largest share buyback.
2 mins
May 07, 2026
Mint Hyderabad
Prepare for seasons of discontent even if the war ends
More than two months on from the beginning of the third Gulf War, despite warnings of oil and gas shortages in the coming weeks, stock investors in the US have used bad news to buy on the dips.
4 mins
May 07, 2026
Mint Hyderabad
NSE sees enough OFS support even at ₹5 tn-plus valuation
National Stock Exchange of India Ltd (NSE) on Wednesday said its proposed initial public offering (IPO) has enough shareholders participating in the offer for sale (OFS) even if the company is valued at over ₹5 trillion.
2 mins
May 07, 2026
Mint Hyderabad
12 Indian companies to invest $1.1 bn in US
Twelve Indian businesses announced $1.1 billion in investment in the US on Tuesday to help create jobs and build stronger supply chains, US ambassador to India and special envoy to South and Central Asia Sergio Gor said in a social media post.
1 min
May 07, 2026
Mint Hyderabad
Securities market code: end the current ambiguity over penalties
The code’s proposed revision is a chance to close space for adjudicatory interpretation and offer market participants certainty
4 mins
May 07, 2026
Mint Hyderabad
Law firms see focus on contract clause as war raises heat
After an initial wave of force majeure queries triggered by the West Asia conflict, law firms now see companies and lenders grappling with a more complex question: whether the economic fallout—from rising input costs to supply-chain disruptions—could trigger scrutiny under material adverse change (MAC) clauses in financing agreements, even when there is no default.
2 mins
May 07, 2026
Listen
Translate
Change font size