https://www.taxtmi.com/acts?id=20415 The amendment to section 48, effective 1 April 2017, extends indexation benefit to long term capital gains on Sovereign Gold Bonds issued under the Sovereign Gold Bond Scheme, 2015, treating them like capital indexed Government bonds for computation of indexed cost. It further provides that for non residents, any gains due to appreciation of the rupee against a foreign currency on redemption of rupee denominated bonds subscribed by them shall be ignored in computing the full value of consideration. en-us Mon, 29 Feb 2016 16:33:13 +0530 Mon, 29 Feb 2016 16:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20415 The amendment to section 48, effective 1 April 2017, extends indexation benefit to long term capital gains on Sovereign Gold Bonds issued under the Sovereign Gold Bond Scheme, 2015, treating them like capital indexed Government bonds for computation of indexed cost. It further provides that for non residents, any gains due to appreciation of the rupee against a foreign currency on redemption of rupee denominated bonds subscribed by them shall be ignored in computing the full value of consideration. Act-Rules Bill Mon, 29 Feb 2016 16:33:13 +0530 https://www.taxtmi.com/acts?id=20415