Capital Gain

hey... where hv u heard this... i had never heard this b4.... reply soon... if any1 knws... let me too knw...

TTBR is Telegraphic Tramsfer Buying Rate.

The NRI is protected against the Exchange Rate Risk. The method of conversion into foreign currency is specified by Sec 115A. Accordingly  the rate of exchange shall be : - For converting cost fo acquition of the capital asset the average of TTBR and TTSR ( Telegraphic Tramsfer Selling Rate) as on the date of acquition.

 Thanks

To add something to what amiya said, 

u cant claim indexation benefit when u use this method in case of NRIs

-proviso to to section 48

Thanks amiya for the information

and thanks to sinister minister.

Telegraphic Transfer Buying Rate(TTBR)

Telegraphic Transfer Selling Rate (TTSR), used at the time of conerting of indian rupees in to forex {Average rate} 

{TTBR+TTSR)/2}

reagrds