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
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Capital gain query
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rate for CG will be rate on the date of transfer of shares. the forex fluctuation income will be treated as other source of income
agreed with kunal..Foreign exchange gain/loss will arise..
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