Foreign Asset Taxation in hands of Resident
Vishal Manakshe (299 Points)
05 June 2021How is the calculation done for an Indian Resident assessee having Foreign Asset.
for eg. Shares acquired in foreign company from NYSE on 01-sept-2016 for 100$ and sold on 01-oct-2020 for 250$.
Exchange rates: For eg
01-Apr-16 : Rs 40/$
01-sept-16 : Rs 50/$
01-oct- 20 : Rs 70/$
31-mar-20 : Rs 90/$