Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Section 43A - Special provision consequential to changes in rate of exchange

Income Tax - Profit and Gains of Business or Profession - 68 - SEC - 43A: SPECIAL PROVISION CONSEQUENTIAL TO CHANGES IN RATE OF EXCHANGE Section 43A applies only in respect of assets acquired from a country outside India through a loan in foreign currency or foreign supplier s credit. Section 43A shall not apply where an asset is purchased in India through a foreign currency loan. The adjustments referred to in Section 43A shall be made only in the previous year in which actual payment is made t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nting adopted by the assessee, shall be added to, or, as the case may be, deducted from- (i) the actual cost of the asset as defined in clause (1) of section 43; or (ii) the amount of expenditure of a capital nature referred to in clause (iv) of sub-section (1) of section 35; or (iii) the amount of expenditure of a capital nature referred to in section 35A; or (iv) the amount of expenditure of a capital nature referred to in clause (ix) of sub-section (1) of section 36; or (v) the cost of acquis .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version