Is Capital gains to Indian residents from sale of shares of a foreign company included/excluded in national income?
Is Capital gains to Indian residents from sale of shares of a foreign company included/excluded in national income?
Anurag Pathak Changed status to publish December 8, 2023
No,
Capital gains to Indian residents from sale of shares of a foreign company will not be included in the national income as they do not add to the current flow of goods and services in the economy.
Explanation:-
The sale of shares of a foreign company is just a mere of ownership transfer of financial assets.
It does not add to the flow of goods and services in the economy.
Thus it is not included in the national income.
Anurag Pathak Changed status to publish December 8, 2023
