Rate of exchange for conversion of rupees into foreign currency and reconversion of foreign currency into rupees for purpose of computation of capital gains under section 72

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....al gains under section 72.- (1) For the purpose of computing capital gains arising from the transfer of a capital asset being shares in, or debentures of, an Indian company, in the case of an assessee who is a non-resident, the rate of exchange shall be, in the circumstances referred to in column B of the following table, as per column C thereof:- Table S.No Circumstances Rate of Excha....

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....to in Sl. No. 1, The average of the telegraphic transfer buying rate and telegraphic transfer selling rate of the foreign currency initially utilised in the purchase of the said asset, as on the date of transfer of the capital asset. 4. For converting the capital gains computed in the foreign currency initially utilised in the purchase of the capital asset into rupees,   The teleg....