Capital gain to non resident person

INDEXATION BENEFIT is NOT available to Non - Resident (1st Proviso of Sec 48)  

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 

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.