Remittance of sale consideration of shares referred in Sec.115AC.

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....ed: 115AC Statute: Income - Tax Act, 1961 Section 115AC of the I.T. Act provides concessional rates of tax on long-term capital gains arising from the transfer of shares purchased in foreign currenc....

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....of assessees that there was actually capital losses on these transactions has been accepted. It is felt that such cases need deeper scrutiny. 3. The assessing officers may be requested to exercise du....