Capital Gains


This query is : Resolved 

17 November 2009 Is there indexation on Long Term Capital Gains for NRI's?

17 November 2009 If the capital gains arising from transfer of shares/debentures acquired by using foreign currency indexation benefit will not be allowed.
In case opted to pay tax under section 112 indexation will be allowed for assets other than those mentioned above.
In case opted to pay tax under section 115E indexation benefit will not be allowed .


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