Indexation benefit in the hands of NRI
This query is : Resolved
Subrahmanyam
(Querist)
02 December 2008
Can the NRI enjoy the benefit of indexation for selling of mutual funds in indian rupees.
02 December 2008
No. pl see 2nd proviso to section 48 and section 115 D(2)(a) of the income tax act, 1961.
Subrahmanyam
(Querist)
02 December 2008
Will it make any difference, if its foreign currency or indian curency. I think the said proviso talks about foreign currency
01 August 2024
https://docs.google.com/document/d/1y7YZ8LcataAkJHR_E4DgTDz0lvmw2tjw4nmLZg3DQTA/edit?usp=sharing
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