The 60-second version
Sri Lanka brokerage exit needs sell CSE holdings, WHT summary, depot termination letter, and LKR SWIFT to NRE before India tax residency.
CSE settlement is T+3 — sell blue chips before losing LKR e-banking on work permit lapse
Capital Alliance, Softlogic Securities, and HNB Stockbroking serve CSE custody — obtain WHT certificate before depot closure.
Sri Lanka WHT on share sale may apply — claim FTC in India ITR via Form 67 if DTAA relief available.
Tax lane: Sri Lanka tax guide for payroll exit.
CSE depot wind-down
| Broker | Tax doc | Step |
|---|---|---|
| CSE member | WHT cert | Sell + close |
| CDS | Holding stmt | Zero units |
| Linked bank | LKR | Wire after depot |
| NRE | INR/LKR | SWIFT receipt |
Closure
Sell CSE
Liquidate listed holdings.
WHT cert
Obtain tax summary.
LKR wire
SWIFT to NRE.
Close depot
CDS termination.
Schedule FA
Last FY foreign asset.
Flow
Sri Lanka brokerage kit
- Trade confirms.
- WHT summary.
- Closure letter.
- SWIFT.
- Passport copy.
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CDS account
Central Depository Systems account must show zero before broker issues depot termination letter.
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Schedule FA?
Declare depot in last FY you held foreign brokerage.
FBAR?
US person — FinCEN 114 if account aggregate > USD 10K.
Bank link?
Close LKR bank only after depot zero if custody linked.
DTAA?
India-Sri Lanka treaty may give FTC on WHT — Form 67.
vs Singapore?
Singapore brokerage guide if you also held CDP account.
Work permit?
Wire before visa cancel if branch requires active permit.
Your NRE account redesignation has a deadline.
Banks don't remind you. You need the right account stack before salary, rent, and EMIs start moving. Get the exact sequence.