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Nri ltcg

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(Querist)
12 August 2014 The NRI has sold shares and mutual funds here in india which is a LTCG (paid stt) so exempt but my question is should i calculate gain in foreign currency and reconvert it into INR or direct calculate it in INR???

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Nikhil Kaushik

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Nikhil Kaushik (Expert)
12 August 2014 yes. though exempt, you should still compute the gains as provided under proviso to section 48
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