Capital Gains for NRI,s

This query is : Resolved 

22 September 2009 How to compute capital gains on sale of shares of pvt ltd company held by NRI and NRI selling it to indian resident. Is the sale & cost to be valued at foreign exchange rate or as per indian rupee.

23 September 2009 Capital gains will be calculated in Indian Rupee as the investment in shares and its sale proceed both are in Rupee terms.


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