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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Market to market loss - loss on account of Exchange rate ...


Court Rules Forex Losses on Debtors and Creditors Not Speculative Under Tax Law.

November 9, 2013

Case Laws     Income Tax     AT

Market to market loss - loss on account of Exchange rate fluctuation - of outstanding debtors and creditors for sale and purchase of foreign currency - speculative transaction or not - decided against the assessee - AT

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