Stock Markets Exposed

Can loss in stock market in US compensated against gains in indian stock market?

I was working for a US based MNC. I bought some stocks through ESPP and then I sold them at a loss in the US market. Can I compensate for that loss by the gains I make in indian stock market?

Public Comments

1. It is possible if you have used account from any Indian Bank which will trated as source of Loss and profits
2. Hi. I think you mean ESOP: employee stock option plan. You may or may not have to pay tax on gains derived from listings and under government regulation in India. Believe it or not, you do not have to worry about compensating for the loss on the NYSE or NASDAQ. You have a maximum $3000 USD deduction { $1500 if you file your U.S. taxes married filing separately}. You actually did not ask the same question. Your title asks about a (loss) being used to minimize or wipe out a gain so you generally pay less income tax {long story}. The answer to your question in your title is: the only way is if there are mutual funds investing in companies, banks, bank holding companies, government owned companies, pension funds and insurance conglomerates registered to trade on the stock exchanges and commodities exchanges in India. Many, many mutual funds invest half or more of their assets in markets registered to do business in the United States or through ADRs: American depository receipts. If this is the case with you, and, by the way, a few mutual funds do trade on the stock exchanges, the answer to your question is "yes". But of course you would have to had been invested in those particular funds in 2007.
3. No. the loss cannot be off set from the profits generated in Indian stock market.