https://www.taxtmi.com/acts?id=50959 Amendment requires that for a non-resident Indian, capital gains on transfer of shares or debentures of an Indian company be computed by converting cost of acquisition, related transfer expenditure, and full consideration into the same foreign currency originally used to purchase the securities; gains computed in that foreign currency are then reconverted into Indian currency. The rule applies to every subsequent reinvestment and sale; definitions of non-resident Indian, foreign currency, and prescribed exchange rate mechanics are supplied by reference. en-us Thu, 17 Apr 2025 16:51:18 +0530 Thu, 17 Apr 2025 16:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=50959 Amendment requires that for a non-resident Indian, capital gains on transfer of shares or debentures of an Indian company be computed by converting cost of acquisition, related transfer expenditure, and full consideration into the same foreign currency originally used to purchase the securities; gains computed in that foreign currency are then reconverted into Indian currency. The rule applies to every subsequent reinvestment and sale; definitions of non-resident Indian, foreign currency, and prescribed exchange rate mechanics are supplied by reference. Act-Rules F. Acts / Amendment Acts Thu, 17 Apr 2025 16:51:18 +0530 https://www.taxtmi.com/acts?id=50959