Taxability
This query is : Resolved
Bhavik Pankaj Mervana
(Querist)
05 May 2017
My client had purchased 2000 us dollars at rs 46 in 2008 and sold in 206 for rs 67
whether difference is tazable under cap gain or ifos????
CA Shubhanshu Jain
(Expert)
06 May 2017
The same will be taxable under income from other sources because currency does not comes under purview of capital asset
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