https://www.taxtmi.com/forum/issue?id=115988 An Indian resident received US dividend income and US capital gain taxed abroad, included both in Indian taxable income; after currency conversion and indexation the US capital gain became a loss. The issue is whether relief under section 91 is available when indexation is applied in India and the indexed computation yields a loss, considering the foreign tax paid. en-us Thu, 06 Feb 2020 16:49:20 +0530 Thu, 23 Jan 2025 15:54:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115988 An Indian resident received US dividend income and US capital gain taxed abroad, included both in Indian taxable income; after currency conversion and indexation the US capital gain became a loss. The issue is whether relief under section 91 is available when indexation is applied in India and the indexed computation yields a loss, considering the foreign tax paid. Discussion-Forum Income Tax Thu, 06 Feb 2020 16:49:20 +0530 https://www.taxtmi.com/forum/issue?id=115988