Few years back I was working in USA. I had invested in US Equity Market like Facebook, Amazon etc. there and presently my shares are still invested there. Now I want to sell those shares. What will be the tax implications for me in India as I have come back two years back?
Ans: I understand you are resident and ordinary resident for the Income Tax purpose. Accordingly, when you sell shares (US equity market), it will be taxable as Capital Gain (assuming trading in shares is not main source of income).
If shares are sold after holding it for more than 24 months it will be taxable at 20% (plus applicable surcharge and cess).