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Tax on share sale bought as resident, NRI
Mint Mumbai
|August 12, 2025
I invested in a friend's private limited company in India in late 2019 while resident there.
In early 2022, after moving to Singapore, I bought more shares from a non-resident paying from my Singapore account. I'm selling all the shares to my friend. Will tax treatment differ for the two lots?
—Name withheld on request
As you now reside in Singapore, you likely qualify as a non-resident under both the Income Tax Act and Foreign Exchange Management Act. For capital gains tax, what matters is your residential status at time of sale, not when the shares were acquired.
This story is from the August 12, 2025 edition of Mint Mumbai.
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