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Indexation benefit in the hands of NRI

This query is : Resolved 
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(Querist)
02 December 2008 Can the NRI enjoy the benefit of indexation for selling of mutual funds in indian rupees.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
02 December 2008 No. pl see 2nd proviso to section 48 and section 115 D(2)(a) of the income tax act, 1961.
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Subrahmanyam

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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
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Aashok Kumar Sharma

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Aashok Kumar Sharma (Expert)
01 August 2024 https://docs.google.com/document/d/1y7YZ8LcataAkJHR_E4DgTDz0lvmw2tjw4nmLZg3DQTA/edit?usp=sharing
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