Selling an Indian property, shares, mutual funds or gold can typically result in capital gains tax in India. But for an NRI, paying tax in India may not necessarily be the end of the story.
“People assume that once they've paid capital gains tax in India, that's the end of it. It isn't — for most NRIs, India is only the first bill,” says CA Priyal Goel Jain, Partner and NRI Tax Expert at Dinesh Aarjav & Associates.
