Capital gain
This query is : Resolved
CA Sumit Arora
(Querist)
14 September 2009
Hello
What is the full form of TTBR in capital gain.? and what does it mean
Thanks in Advance.
What is the full form of TTBR in capital gain.? and what does it mean
Thanks in Advance.
Aditya Maheshwari
(Expert)
14 September 2009
Where did you read this... If u can give the full form of it. Havent heard of it.
14 September 2009
better to write full sentace
Manmohan ACA, CS
(Expert)
14 September 2009
TTBR (telegraph Transfer Buying rate)
Telegraphic transfer buying/selling rate in relation to a foreign currency is a rate of exchange adopted by the State Bank of India for purchasing/selling such currency where such currency is made available by that bank through telegraphic transfer.
it is used in computing Capital gain on transfer of shares / debentures by a non-resident [First proviso to Sec. 48 and rule 115A]
regards,,,,,,,,,,,,!
Telegraphic transfer buying/selling rate in relation to a foreign currency is a rate of exchange adopted by the State Bank of India for purchasing/selling such currency where such currency is made available by that bank through telegraphic transfer.
it is used in computing Capital gain on transfer of shares / debentures by a non-resident [First proviso to Sec. 48 and rule 115A]
regards,,,,,,,,,,,,!
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