https://www.taxtmi.com/acts?id=53358 Prescribes the exchange rates for computing capital gains on transfer of shares or debentures of an Indian company by a non-resident assessee. The cost of acquisition, transfer-related expenditure, and consideration are converted using the average of the telegraphic transfer buying and selling rates of the foreign currency initially used to buy the asset, on the relevant acquisition or transfer date. Capital gains computed in foreign currency are reconverted into rupees at the telegraphic transfer buying rate on the date of transfer. The expressions telegraphic transfer buying rate and telegraphic transfer selling rate are defined by reference to the rules and the State Bank of India rate. en-us Fri, 20 Mar 2026 17:49:16 +0530 Mon, 06 Apr 2026 14:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=53358 Prescribes the exchange rates for computing capital gains on transfer of shares or debentures of an Indian company by a non-resident assessee. The cost of acquisition, transfer-related expenditure, and consideration are converted using the average of the telegraphic transfer buying and selling rates of the foreign currency initially used to buy the asset, on the relevant acquisition or transfer date. Capital gains computed in foreign currency are reconverted into rupees at the telegraphic transfer buying rate on the date of transfer. The expressions telegraphic transfer buying rate and telegraphic transfer selling rate are defined by reference to the rules and the State Bank of India rate. Act-Rules Income Tax Fri, 20 Mar 2026 17:49:16 +0530 https://www.taxtmi.com/acts?id=53358