New Delhi, Aug. 3 -- I returned to India in 2023 after working in the US for over 15 years. During my stay in the US, I had acquired shares of several companies listed on the NYSE. I now want to book gains and reinvest the money into new shares. Since I will not be remitting the money back to India, are these capital gains to be computed at the rupee exchange rate at the time of purchase or at today's exchange rate? If it is today's exchange rate, are there any provisions to protect against rupee depreciation given that I had purchased the shares in USD long before?

*Name withheld on request*

Since you returned to India in 2023, I assume you will qualify as a Resident and Ordinarily Resident (ROR) in India for the tax year 2026-27. Furt...