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As the name suggests capital gains are profits arising upon sale of capital assets such as shares, securities, immovable properties etc. |
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| NRIs are offered a unique benefit of paying tax on gains computed in foreign exchange earnings i.e.[ profits after considering the devaluation of rupee] as regards profits from shares and securities held for more than 1 year. For other assets held for more than 3 years at par with residents, NRIs are also granted the benefit of " cost indexation"; exemption as regards investment in capital bonds and exemption re: reinvestment in house properties or listed securities etc. The subject is defined as under: | ||
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Capital Gains from Shares & Debentures. in case of non-resident |
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Capital Gain Arising From Sale Of Residential Property Held For More Than 3 Years |
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Capital Gain of Immovable Property & Other Assets Held For More Than 3 Years. |
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Capital Gain of Immovable Property & Other Assets Held For 3 Years. or less |
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Long Term Capital Gain of Specified Assets |
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Exemption of Long Term Capital gains of other Assets upon investment in Residential Property |
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Exemption of Long Term Capital gains upon investment in specified Bond |
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