Rate of exchange: non-resident capital gains (s. 72)

The table (sub-rule 1). For a non-resident's capital gains on shares in, or debentures of, an Indian company:

What is converted	Rate of exchange
Cost of acquisition	Average of the telegraphic transfer buying rate and telegraphic transfer selling rate of the foreign currency initially used to buy the asset, on the date of acquisition
Expenditure wholly and exclusively in connection with the transfer	The same average, on the date of transfer
Full value of consideration received or accruing	The same average, on the date of transfer
The capital gains, computed in the foreign currency initially used, into rupees	The telegraphic transfer buying rate of that currency on the date of transfer

Definitions (sub-rule 2). The "telegraphic transfer buying rate" has the meaning in the rule the text cites; the "telegraphic transfer selling rate" is the rate the State Bank of India adopts for selling the currency where it makes it available by telegraphic transfer.