Daily Square Off is not allowed for NRI i.e. intraday trades are not allowed for NRI clients.
Clients can trade only on Delivery basis.
All contract notes of either Buy or Sell has to be reported to Authorised Dealer ( PIS Banker) within 24 hours to transactions.
Every sale transaction will be credited to client Banks account Net of tax. Hence for every sale transaction capital gain will be calculated by a CA. As per current laws for long term capital gains, Tax rate is nil & for short-term capital gain, tax rate is 15.45%.