TMI BlogInsertion of new section 43AA-Taxation of foreign exchange fluctuationX X X X Extracts X X X X X X X X Extracts X X X X ..... ion 43AA. 13 . After section 43A of the Income-tax Act, the following section shall be inserted and shall be deemed to have been inserted with effect from the 1st day of April, 2017, namely:- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... purposes of sub-section (1), gain or loss arising on account of the effects of change in foreign exchange rates shall be in respect of all foreign currency transactions, including those relating to- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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