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Capital gains tax (Income Tax)

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This query is : Open


( Author )
20 July 2012

I am an NRI. Have have purchased an immovable property in 1988 by payment in foreign Exchange i.e $.

Queries:

1) Can i avail indexation benifit?

2) for calculation of capital gain do i need to convert my sale consideration in foreign currency or do i need to convert the cost into indian currency at at what rate?



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