Capital Gains In Case Of Non-Residents - FIRST PROVISO TO SECTION 48 AND RULE 115A

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..... ted by converting the cost of acquisition of the asset the expenditure incurred wholly and exclusively in connection with such transfer and sale consideration received or accruing as a result of transfer of capital asset into the same foreign currency as was initially utilized in the purchase of such shares or debentures. The capital gain so computed in the foreign currency shall be reconverted in .....

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..... uisition and improvement shall be applied. Provided also that nothing contained in the second proviso shall apply to the long-term capital gain arising from the transfer of a long-term capital asset, being a bond or debenture other than- (a) capital indexed bonds issued by the Government; or (b) Sovereign Gold Bond issued by the Reserve Bank of India under the Sovereign Gold Bond Scheme, 2015 Prov .....

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..... lling rate COA Average of TTBR and TTSR On the date of acquisition Expenditure Average of TTBR and TTSR On the date of transfer Sale Consideration Average of TTBR and TTSR On the date of transfer CB into Indian Currency TTBR On the date of transfer Highlights of the proviso: Non-resident includes Foreign Company. The shares or debentures should be purchased in the foreign currency or it should be .....

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