What is the maximum amount allowed by the Liberalised Remittance Scheme (LRS) for Indians to send abroad annually?

Rs. 1 Crore Rs. 1.5 Crore Rs. 2 Crore Rs. 2.5 Crore

What is the tax collected at source (TCS) rate for foreign spending or investments exceeding Rs 7 lakh per year?

5% 10% 15% 20%

Within how many days must money from the sale of foreign investments be brought back to India unless reinvested?

90 days 180 days 270 days 360 days

What is the minimum holding period for foreign company shares to qualify for long-term capital gains tax in India?

12 months 18 months 24 months 36 months

How are short-term capital gains from foreign stocks taxed in India?

At a flat rate of 15% At a flat rate of 20% Added to total income and taxed according to applicable slab rates Exempt from taxation

What is the purpose of the Cost Inflation Index (CII) in calculating capital gains from foreign stocks?

To adjust the purchase cost for inflation To determine the applicable tax slab rate To calculate the TCS on foreign investments To convert foreign currency gains into Indian rupees

How is dividend income from foreign stocks treated for tax purposes in India?

Taxed as capital gains Treated as 'income from other sources' Exempt from taxation Taxed at a flat rate of 10%

What is the holding period for investments in foreign ETFs to be considered long-term capital gains?

12 months 24 months 36 months 48 months

What method does India often use in Double Taxation Avoidance Agreements (DTAA) to prevent double taxation?

Exemption method Deduction method Credit method Refund method

Which form must be submitted to claim credit for taxes paid on foreign investments in India?

Form 16 Form 26AS Form 67 Form 15CA