Try GOLD - Free
NRI taxes: when anti-abuse rules don't bite
Mint New Delhi
|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 New Delhi.
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 New Delhi
Mint New Delhi
Connected gadgets may need to clear cyber checks
Manufacturers of connected devices will need to prepare for a sweeping new cybersecurity framework that could soon become mandatory across sectors, according to four people aware of the matter.
2 mins
November 03, 2025
Mint New Delhi
Microfinance begins to recover, but it’s a long walk to full health
After two years of credit stress, policy reforms and write-offs, India’s microfinance sector is taking tentative steps to recovery.
2 mins
November 03, 2025
Mint New Delhi
Mistry moves trusts regulator
Mehli Mistry has challenged the decision of the Tata Trusts to remove him as a trustee before the Maharashtra Charity Commissioner, and urged the regulatory body to hear his case before approving the decision by the country'slargest philanthropic entities last week.
3 mins
November 03, 2025
Mint New Delhi
A $5 tn milestone that reignites the AI bubble debate
Nvidia, which defines the AI boom, has become world's first firm with a $5 trillion market cap. Its valuation is seen at $8-10 trillion by 2030. Yet, with rising doubts over GenAI profitability and Big Tech's cash burn, we explore if the surge marks lasting growth, or the onset of an AI winter.
2 mins
November 03, 2025
Mint New Delhi
Is OpenAI becoming too big to fail?
Sam Altman’s ability to intertwine the startup throughout major tech players puts it at the nexus of a vital part of the U.S. economy
4 mins
November 03, 2025
Mint New Delhi
Future of Tata Trusts troubled Ratan Tata the most, say his sisters
Sisters of the late industrialist Ratan Tata have voiced distress over the turmoil at Tata Trusts, describing last week's removal of Mehli Mistry as a retaliatory action by other trustees.
3 mins
November 03, 2025
Mint New Delhi
Nexperia’s Dutch takeover puts local carmakers on alert
A Chinese-owned company headquartered in the Netherlands is at the epicentre of a new semiconductor chokepoint roiling the global auto industry.
3 mins
November 03, 2025
Mint New Delhi
Small options traders thin out as reforms take effect
Number of some of the bigger investors fell as well, though not at the same pace
3 mins
November 03, 2025
Mint New Delhi
How to build an enduring career in three simple steps
In an age of longevity, only those who stay physically fit, mentally tough and intellectually honest truly thrive
3 mins
November 03, 2025
Mint New Delhi
Maruti bets on small-car surge
Maruti Suzuki India Ltd’s latest management commentary has spurred hopes of brighter days after the September quarter (Q2FY26).
2 mins
November 03, 2025
Listen
Translate
Change font size