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Август
2024

LTCG rules for unlisted shares for NRIs changed; tax rate hiked 25% & foreign currency adjustment removed

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LTCG tax for NRIs on unlisted shares: The finance minister has amended the budget proposals to remove the benefit of foreign currency adjustment for long-term capital gains arising from the sale of unlisted shares. The Budget, when introduced in the Parliament, proposed to allow the benefit of foreign currency adjustment.



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