Harsh Dalal
Joined: 10/11/2024
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CGT Understanding
Hi Good day, Request clarity on dual taxation with India. If I am a British citizen, living in UK but inherited shares or bought shares in India and decide to sell them? What is the CGT I have to pay In the UK? In India I have to pay 12% on Long term and 20% on short term? Does one pay the difference between 20% UK less 12% already paid in India as there is a dual tax treaty or the full 20% in UK plus the 12% in India?