29 Sep 2025 | 5 Mins Read
Reinvested share sale proceeds may be tax-free
Flipitmoney
NRIs and PIOs can reinvest and exempt tax on long-term capital gains from listed company shares if certain conditions are met: acquired using convertible foreign exchange, reinvested within 6 months, reinvested asset held for 3 years, and only specified assets (shares) considered. If TDS is deducted, an income tax return should be filed to claim the corresponding refund.