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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?


To: Nandu who wrote (5194)7/19/1999 3:42:00 PM
From: ratan lal  Respond to of 12475
 
Nandu

In India NRI's set up a $$ account with a bank. All such deposits are easily transferred anywher in any currency. All stock transactions are done via the bank. Brokers make applications for stock under NRI quota.

Dont know the new tax laws. But in the old days, 1985, I made money in stocks, lost it in exchange rate plus 20% tax on Rupee profits. There were rumors they were going to change that tax law.

ratan