Forex derivative loss - speculative and notional loss - The ...

Forex Derivative Losses Recognized as Legitimate Business Expenses; Deductible u/s 37(1) of Income Tax Act.

April 24, 2017

Case Laws Income Tax AT

Forex derivative loss - speculative and notional loss - The losses on account of foreign exchange contracts are bonafide expenses incurred in furtherance of legitimate business interests of the assessee and are to be allowed as deduction under section 37(1) as such - AT

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Forex derivative loss - speculative and notional loss - The ...

Forex Derivative Losses Recognized as Legitimate Business Expenses; Deductible u/s 37(1) of Income Tax Act.

April 24, 2017

Case Laws Income Tax AT

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