TMI BlogTaxation of foreign exchange fluctuationX X X X Extracts X X X X X X X X Extracts X X X X ..... 43AA. (1) Subject to the provisions of section 43A, any gain or loss arising on account of any change in foreign exchange rates shall be treated as income or loss, as the case may be, and such g ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ms; (ii) translation of financial statements of foreign operations; (iii) forward exchange contracts; (iv) foreign currency translation reserves. ] ******************** No ..... X X X X Extracts X X X X X X X X Extracts X X X X
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