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2008 (11) TMI 19 - AAR - Income TaxApplicant, Non-resident – held that the tax payable on the long term capital gains arising on sale of equity shares of FIL (Indian company) being listed securities, will be 10% of the amount of capital gains as per the proviso to s. 112(1) – held that while calculating the long term capital gain chargeable to tax, interest paid by the applicant to the shareholders of FIL as per the directives of the SEBI will also be treated as a part of the cost of acquisition of the shares
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