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Capital gain

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(Querist)
14 September 2009 Hello
What is the full form of TTBR in capital gain.? and what does it mean
Thanks in Advance.
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
14 September 2009 Where did you read this... If u can give the full form of it. Havent heard of it.
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
14 September 2009 better to write full sentace
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Manmohan ACA, CS

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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,,,,,,,,,,,,!
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