Capital Gain on shares in Foreign Company
This query is : Resolved
06 July 2011
An assessee had purchased some shares of an American company in USD from NYSE. The same have been sold during AY 2011-12 through NYSE. The assessee is a resident during AY 2011-12. Can he claim the benefit of indexation for the purpose of capital gains?
06 July 2011
Shares in a foreign company is a capital asset and indexation for the purpose of calculating long term Capital Gains is allowed.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
