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NRI shares taxation

150 views 3 replies
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...?
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


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