Capital gain query

CA Nitin Gupta (Senior Accounts Officer at JK Group of Industries + ca-cpt ipcc coaching)   (97 Points)

17 July 2013  

suppose a company accepts a buy back offer in march 2013 and the consideration is in dollars... the dollar was worth rs 55 then, but the payment is to be recieved in august when the dollar will be 61.. then how will capital gain be computed..what will be the tax impact for the enhanced payment recieved because of price fluctuation in dollar