Nri ltcg
This query is : Resolved
amit kapadia
(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???
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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