What is the Capital Gain tax rate for non-residents in India?

For nonresidents in India, the tax rate on capital gains depends on the nature of the capital asset and the duration of holding. Here are the tax rates applicable for nonresidents:

1. Shortterm capital gains (assets held for less than 2 years):
For listed securities (such as stocks and equityoriented mutual funds): 15%
For unlisted securities: The applicable tax rate is the normal income tax rate, which is determined based on the individual's total income and tax slab.

2. Longterm capital gains (assets held for 2 years or more):
For listed securities: 10% (if the gains exceed INR 1 lakh)
For unlisted securities: 20% (with indexation benefits) or 10% (without indexation benefits), whichever is lower.

It's important to note that these rates are subject to any applicable Double Taxation Avoidance Agreements (DTAA) between India and the country of residence of the nonresident. The DTAA may provide relief from double taxation by allowing the nonresident to claim a credit or exemption in their home country.

Additionally, other specific rules and provisions may apply depending on the type of asset and the circumstances of the transaction. It is advisable to consult with a tax professional or refer to the Indian tax authorities for the most accurate and uptodate information regarding capital gains tax rates for nonresidents in India.