Does grandfathering rule ( Jan.31.2018) apply to foreign shares

Ramakumar M (17 Points)

28 July 2021  

Hi All,

 

I would like to know if the grandfathering rule (i.e. profits in equity are grandfathered until Jan.31.2018) applies also to foreign shares held by a resident Indian.

   I am a resident Indian and I bought some foreign shares in 2002. If I sell them now, will I be able to grandfather the profits till Jan.31.2018, or does the rule apply only to Indian equity / mutual funds ?

 

Thanks in Advance..