Section 48(b)

(b) Sovereign Gold Bond issued by the Reserve Bank of India under the Sovereign Gold Bond Scheme, 2015: Provided also that in case of an assessee being a non-resident, any gains arising on account of appreciation of rupee against a foreign currency at the time of redemption of rupee denominated bond of an Indian company 4[held] by him, shall be ignored for the purposes of computation of full value of consi deration under this section:] 5[Provided also that where shares, debentures or warrants referred to in the proviso to clause ( iii) of