TaxTMI Login
Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All TMI Notes
of of All TMI Notes
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Section 48: Exclude Rupee Appreciation Gains on Foreign-held Indian Bonds from Capital Gains Calculations.</h1> Clause 24 of the Finance Bill, 2017 proposes an amendment to Section 48 of the Income-tax Act regarding the computation of capital gains for non-residents. Specifically, it addresses gains from the appreciation of the rupee against foreign currency upon the redemption of rupee-denominated bonds of Indian companies held by non-residents. The amendment stipulates that such currency appreciation gains will be excluded from the computation of the full value of consideration. This change is effective from April 1, 2018, and applies to the assessment year 2018-2019 onwards.
TaxTMI 
TaxTMI 