Made profits on Apple or Nvidia shares? Here's whether you can claim the ₹1.25 lakh tax exemption in India
Indian investors cannot claim the ₹1.25 lakh long-term capital gains (LTCG) tax exemption on foreign stocks like Apple or Nvidia, Finance Minister Nirmala Sitharaman said. The exemption applies only to qualifying Indian equity investments. Investors must adhere to a 24-month holding period for foreign stocks to qualify for LTCG, with shorter periods taxed at income tax rates.