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Draft Income Tax Rule 51 and 52 – Original Fund Conditions; Forex Conversion Rules for Capital Gains U/s 72

SEO Expert February 27, 2026

Rule 51 limits Indian resident participation in original funds to 5% for specific AIF transfers, while Rule 52 standardises exchange rates for non-residents computing capital gains under Section 72.

The post Draft Income Tax Rule 51 and 52 – Original Fund Conditions; Forex Conversion Rules for Capital Gains U/s 72 appeared first on TaxGuru.

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Previous: Draft Income Tax Rule 50 – Attribution of Income Taxable under Section 67(10) to Capital Assets of Specified Entity under Section 72
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