Mode of computation Capital Gains u/s 48 - full value of consideration - in case of an assessee being a non-resident, any gains arising on account of appreciation of rupee against a foreign currency at the time of redemption of rupee denominated bond of an Indian company held by him - Budget 2017-18 w.e.f. AY 2018-19

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... es - FAQ - Dated:- 3-2-2017 - Clause - 024 - Amendment of section 48. THE FINANCE BILL, 2017 Clause 24 of the Bill seeks to amend section 48 of the Income-tax Act relating to mode of computation. The fifth proviso to the said section provides that in case of an assessee being a non-resident, any gains arising on account of appreciation of rupee against a foreign currency at t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X