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It's not income until its sold. Also, that scheme of taxation just further advantages the very wealthy and discourages investment anyway.
by sidlls 5y ago
It's not income until its sold.
Also, that scheme of taxation just further advantages the very wealthy and discourages investment anyway.
- 2Gkashmiri 5y agoyou dont know what accrual is then. good
- pedrosorio 5y agoReading a couple of sources on capital gains tax in India, it appears to work in the same way as the US (taxed only when you transfer/sell the asset): https://cleartax.in/s/capital-gains-income https://cleartax.in/s/capital-gains-income https://home.kpmg/xx/en/home/insights/2011/12/india-income-tax.html https://home.kpmg/xx/en/home/insights/2011/12/india-income-t...