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).
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Cg working
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calculate cg in foreign currency and then convert it into indian rupees.
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