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    <title>Transfer outside India of rupee denominated bond by a non-resident to another non- resident - (New) Section 70(1)(q) / (Old) Section 47(viiaa)</title>
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    <description>Transfer outside India of rupee denominated bonds issued outside India by an Indian company and made by a non-resident to another non-resident is treated as a non-transfer for capital gains purposes. For a non-resident assessee, any gain arising from appreciation of the rupee against a foreign currency at the time of redemption of such rupee denominated bond is ignored while computing the full value of consideration.</description>
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    <pubDate>Fri, 23 Jun 2017 12:30:00 +0530</pubDate>
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      <title>Transfer outside India of rupee denominated bond by a non-resident to another non- resident - (New) Section 70(1)(q) / (Old) Section 47(viiaa)</title>
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      <description>Transfer outside India of rupee denominated bonds issued outside India by an Indian company and made by a non-resident to another non-resident is treated as a non-transfer for capital gains purposes. For a non-resident assessee, any gain arising from appreciation of the rupee against a foreign currency at the time of redemption of such rupee denominated bond is ignored while computing the full value of consideration.</description>
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