I am a naturalised foreign citizen of Indian origin. I don't file my taxes in India, but only abroad.
So if I open a DEMAT account for NRI and buy and sell stocks.
Does the broker or bank deduct - TDS - Tax Deducted At Source on whatever gains I make ?
In general do you only have to pay tax, when you file your IT return. Or does the bank or broker with hold taxes ?
Say I buy stocks in my NRI - DEMAT account and make a profit. And I don't file Indian taxes, can I just keep the profit without paying any tax ?
So if I open a DEMAT account for NRI and buy and sell stocks.
Does the broker or bank deduct - TDS - Tax Deducted At Source on whatever gains I make ?
In general do you only have to pay tax, when you file your IT return. Or does the bank or broker with hold taxes ?
Say I buy stocks in my NRI - DEMAT account and make a profit. And I don't file Indian taxes, can I just keep the profit without paying any tax ?