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What is Tax Implications of Indian Depository Receipts about?

1) IDRs (Indian Depository Receipts) allow foreign companies to raise capital in India by depositing shares with a custodian who then issues receipts to investors. However, IDRs are currently taxed less favorably than common Indian stocks. 2) Dividends from IDRs are taxed at 15% in the hands of investors, whereas dividends from common stocks are not taxed for investors since companies pay the tax. 3) Short-term capital gains on IDRs are taxed at 30% versus 15% for common stocks. Long-term capital gains o

Author

Srikanth Vg

Language

EN