Hi,
one olf my friend is looking for selling some shares in india. How he will declare any capital gain tax on that shares. they were purchased some 10 years back . I f we use Indian Indexaction system, there is no capital gain. ie. bought some share for 22000 & now selling at 30,000 Rs. With Indexation there is no profit. However, if he wants to declare that in canada , is he has to declare rs. 8000 as profit converted to canadian dollar. otherwise , if we convert both buying & selling in CAD from Indian ruppes. It also become a loss as CAD has apreciated a lot.
Guru please advice.

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