Sir, I have one doubt relating to transfer of shares by NRI
If there is one NRI use his NRO a/c to purchase of shares in India and proceeds of shares also deposited in his NRO A/c I. e. Transfer and acquisition takes place in Indian currency.
Then the first proviso of sec 48 shall apply or not...?
Menu
NRI shares taxation
Replies (3)
Yes. compute capital gains accordingly under section 112
Yes capital gains will be computed
No you can't ,for first provision of section 48 u have to purchase and sell share only in foreign currency
Recent Threads
- AIS NOT OPEN
- ICICI BHARAT 22 FOF AND NASDAQ 100 FOF CAP GAIN TA
- Schdule BFLA and CFL Error regarding adjustment of
- CIRCULAR WITH RESPECT TO WAIVER OF INCOME TAX OUTS
- How does opting for 44AD impact speculative income
- New GSTR 1
- Purchase and sale of land , showroom, building
- GTA provides services to unregistered person.GST i
- TDS on Sale of Ancestral property
- Tds on transport contractor
Related Threads
CAclubindia
