Merely because part of the share capital is used as a working ...

Income Tax

July 27, 2012

Merely because part of the share capital is used as a working capital, the character of the receipt would not become a revenue receipt. - the gains on account of foreign exchange fluctuations, in the event such share capital collected in foreign exchange, hence is only capital receipts - HC

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Merely because part of the share capital is used as a working ...

Income Tax

July 27, 2012

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