TMI BlogLong term capital gain in case of non - residentX X X X Extracts X X X X X X X X Extracts X X X X ..... 8377;1,00,000 If the asset is acquired on or before January 31, 2018 , then cost of acquisition shall be: Actual Cost of Acquisition; OR Sale Value or Fair Market Value (lower). whichever is higher. 2. Listed Equity shares sold off market (Purchased in foreign currency or a case of re-investment) Benefit of First Proviso to Section 48 and Second Proviso to Section 48 --- First Proviso to section 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed Equity shares sold through public offer and such sale forms part of public offer STT paid by seller and shares subsequently listed (Whether purchased in Indian currency or foreign currency) Benefit of First Proviso to Section 48 and Second Proviso to Section 48 ---- N.A. Taxability--- Exempt under section 10(38) 6. Unit of Equity Oriented Mutual Funds and units of business trust and on sale STT ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lable 9. Listed Bonds and Debentures (purchased in foreign currency or a case of reinvestment) Benefit of First Proviso to Section 48 and Second Proviso to Section 48 --- First proviso to section 48 is applicable Taxability--- Flat rate of 10% Slab of 2,50,000 is not available. 10. Listed Bonds and Debentures (Purchased in Indian Currency) Benefit of First Proviso to Section 48 and Second Proviso ..... X X X X Extracts X X X X X X X X Extracts X X X X
|