W8 Ben and capital gains in the USA - for an NRA
Posted: Wed Jul 20, 2016 11:15 pm
Hi gotskiz,
How was the capital gains calculated? Was the gain completely calculated in USD (applying indexation) and then the final gain in USD converted to INR using the SBI TT buying rate?
Regards
Srivatsan
How was the capital gains calculated? Was the gain completely calculated in USD (applying indexation) and then the final gain in USD converted to INR using the SBI TT buying rate?
gotskiz;528129Yes you are correct - for U.S stock transactions, indexation benefit is there. The SBI details were obtained by my tax advisor during the filing. It took almost 3 weeks for him to get the data (so if you have any U.S cap gains/losses to report, may be a good idea to send those details earlier).
Regards
Srivatsan