Pramod Sen (Advocate ) (156 Points)
24 March 2020
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 March 2020
INDEXATION BENEFIT is NOT available to Non - Resident (1st Proviso of Sec 48)
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 24 March 2020
| Originally posted by : Karan Singh | ||
 |
Naveen, I think its second proviso to Sec 48 which speaks about non availaibility of indexation benefit.also only in case where Assessee is Non Resident and asset is share and debentures of Indian co. |  |
NO KARAN , it is 1st proviso of Sec 48 talking about that
NO INDEXATION in case of NR and assets should be shares or debentures
rama krishnan
(12234 Points)
Replied 25 March 2020
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 25 March 2020
According to second Proviso of Section 48 indexation benefit is not available to Non Resident in case of Shares or debentures.
In case of other Long Term Capital Assets, indexation benefit is available.
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