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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Speculative transaction - Section 43 r.w.s. 73 - if the ...


Derivative Transactions Over Export Turnover Classified as Speculative Losses u/s 43 and 73.

July 29, 2015

Case Laws     Income Tax     AT

Speculative transaction - Section 43 r.w.s. 73 - if the derivative transaction is in excess of export turnover, then that loss suffered in respect of that portion of excess transactions to be considered as speculative loss only as that excess derivative transaction has no proximity with export turnover - AT

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