An individual purchased 10,000 shares in USA (1 share @ $ 2) in 2006 when the dollar was around 40. During July 2014, he intends to sell these shares. Kindly advice with appropriate reference to sections of IT Act, on the implications for LTCG (Assume that the sale price is $ 2 which is equal to the cost).
Menu
Cg working
Replies (1)
calculate cg in foreign currency and then convert it into indian rupees.
Recent Topics :
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
Related Topics :
CAclubindia
