US Income Tax for Stock Trading in India

U

uday21

Registered Users (C)
Hi Guys,
I know this is not the correct place for this but I thought some of u might have experienced this. My question..

If I do share/stock trading in India do I have pay taxes on the gains in the US.

Thanks
Uday
 
uday21 said:
Even if you don't bring the money back into the US.
Click to expand...

Where the money is made, spent or kept is irrelevant. You made it, you pay tax. On the other side, you can deduct world-wide capital losses.
 
Fyi

i might add, in case there is a tax treaty between the u.s. and another country where you might be earning an income, you can avoid double taxation. the u.s. and canada are an example; so is u.s. and pakistan. i am not sure if india has a similar tax treaty with the u.s.
 
USA does have a tax treaty with India where a person can avoid paying double taxes. To answer the question...when you fill out your taxes you have to declare your worldwide income.
 
Continuing on the discussion of trading

Hi All,

I am on H1 and planning to move to India for good in few months.
I have Ameritrade account holding stocks and would like to continue to do so while in India.
Can I trade US stocks from India?.
Will I pay taxes in US or India.
There is income tax treaty between US and India but nothing specific about Stocks. Not in a simple one to understand.

Any suggestions/comments greatly appreciated.

thanks
AK
 
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