Foriegn shares sold

kunalturakhia@hotmail.com (kunalturakhia@hotmail.com)   (55 Points)

05 January 2012  

 

hi,
Query is regarding whether the shares sold in Foreign countries have any effect on income of the assessee if the same assessee is an indian resident,but the assessee has transfered the same money to india after selling the shares so at a conversion rate........What the taxability feature for the assessee?