https://www.taxtmi.com/acts?id=3954 Prescribes the rate of exchange for computing capital gains on shares in, or debentures of, an Indian company held by a non-resident Indian. The cost of acquisition, transfer-related expenditure, and full value of consideration are converted using the average of the telegraphic transfer buying rate and telegraphic transfer selling rate of the foreign currency originally used, as on the relevant acquisition or transfer date. Capital gains computed in that foreign currency are reconverted into rupees at the telegraphic transfer buying rate on the date of transfer. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 21 May 2026 15:01:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3954 Prescribes the rate of exchange for computing capital gains on shares in, or debentures of, an Indian company held by a non-resident Indian. The cost of acquisition, transfer-related expenditure, and full value of consideration are converted using the average of the telegraphic transfer buying rate and telegraphic transfer selling rate of the foreign currency originally used, as on the relevant acquisition or transfer date. Capital gains computed in that foreign currency are reconverted into rupees at the telegraphic transfer buying rate on the date of transfer. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3954