sell US stocks before R2I?

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kallu
Posts: 94
Joined: Wed May 30, 2007 12:05 pm

sell US stocks before R2I?

Post by kallu »

I am R2Iing in a few days. I have retirement and non-retirement brokerage accounts in US and haven't filed Indian taxes ever.

I want to keep my next year taxes in India simple. So, I am thinking of selling stocks/mutual funds that I hold in US before returning to India so that I don't have to declare any stock sale for stocks I hold in US.

What do you guys think of this?

I think I am RNOR for tax purposes for current year. Does the answer change if I am ROR for current year? (I was working remotely from India for 6 months in 2009 and 3-4 months in 2010)
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