Capital Gains In Case Of Non-Residents -(New) Section 72(6) / (Old) First Proviso of section 48

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....value of the consideration received or accruing as a result of the transfer of the capital asset (b) the capital gains so computed in such foreign currency shall be reconverted into Indian currency, (c) the said manner of computation of capital gains shall be applicable in respect of • capital gains accruing or arising from every reinvestment thereafter in, and • sale of, shares in, or debentures of, an Indian company. (d) Such provision does not apply on capital gain arise from the transfer of equity share referred to in section 198 Manner of Conversion for the Purpose of section 72 [ Rule 52 ] S. No Circumstances Rate of Exchange As on  A B C D 1. ....

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....ct, 1955, for buying such currency, having regard to the guidelines specified from time to time by the Reserve Bank of India for buying such currency, where such currency is made available to that bank through a telegraphic transfer. Meaning of Telegraphic Transfer Selling Rate Means in relation to a foreign currency, means the rate of exchange adopted by the State Bank of India constituted under the State Bank of India Act, 1955, for selling such currency where such currency is made available by that bank through telegraphic transfer. Under First  Proviso to Section 48 of the Income Tax Act, 1961 [ Upto 31.03.2026 ] In case of an assessee who is a non-resident (including foreign company) the capital gain arisin....

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....thing contained in the second proviso shall apply to the long-term capital gain arising from the transfer of a long-term capital asset, being a bond or debenture other than- (a) capital indexed bonds issued by the Government; or (b) Sovereign Gold Bond issued by the Reserve Bank of India under the Sovereign Gold Bond Scheme, 2015 Provided also that in case of an assessee being a non-resident, any gains arising on account of appreciation of rupee against a foreign currency at the time of redemption of rupee denominated bond of an Indian company subscribed by him, shall be ignored for the purposes of computation of full value of consideration under this section [substituted by FA, 2016, w.e.f. 1-4-2017] Provided also that nothing ....