Capital Gain on transfer of shares, debentures of Indian Company held by non residents

1. Applicability: All Non-Residents Including Foreign Companies except persons covered u/s 115AC & 115AD.

2. Assets Transferred: Shares or Debentures In an Indian Company.

3. Nature of Capital Gain: Short Term or Long Term
4. Average TT Rate = (Buying Rate + Selling Rate adopted by State Bank of India)/2                 Note : Indexation Benefit is not available.

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