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Is it good idea to do stock trading using parents account living in India or open an NRE trading account? I live in Australia.
Okay, thanks. And what about taxes? How would that work if I am trading stocks in India but living in Australia?
As an Australian resident, you will need to pay taxes on any income earned from trading stocks in India, in addition to your Australian taxes. However, you might be able to avoid double taxation through the Double Taxation Avoidance Agreement between Australia and India. It's best to consult with a tax advisor to determine your specific tax obligations and options.