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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

There remains no doubt that forex gain or loss from a trading ...


Forex Gains/Losses from Trading Are Revenue Items, Part of Import/Export Price Valuation.

March 5, 2015

Case Laws     Income Tax     AT

There remains no doubt that forex gain or loss from a trading transaction is not only an item of revenue nature, but is, in fact, a part of the price of import or value of export transaction - AT

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