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Ramakumar M   28 July 2021

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

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..


 3 Replies

veerendar singh

veerendar singh (tax consultant)     28 July 2021

It does not apply to foreign shares

the long term gain will not enjoy 100000 exemption
further it will attract 20% capital gains tax
Ramakumar M

Ramakumar M   28 July 2021

Thanks very much for the response. So, can I avail indexation benefit atleast ?

veerendar singh

veerendar singh (tax consultant)     28 July 2021

Yes indexation will be available

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