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Capital Gains

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(Querist)
17 November 2009 Is there indexation on Long Term Capital Gains for NRI's?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
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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