Hi,
Am an NRI who transferred $$ to my NRE a/c, n later bought n sold some listed Indian co. shares in INR, in ITR 2 for calculating stcg/ltcg, in my case will be thru Sec 48(first proviso) or U/S 115AD(1)(b)(ii)/(iii) or another?
Please let me know. Thanks!
Section 115AD is invalid as it only applies to institutional FIIs, and Section 48's first proviso is legally barred for STT-paid listed equities. The correct approach in ITR-2 is to compute and report the gains in INR under Section 111A (STCG at 15%) or Section 112A (LTCG at 10% above ₹1 Lakh threshold) without foreign currency or indexation adjustments.
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