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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Allowability of Foreign exchange fluctuation loss u/s 37 - ...

Income Tax

July 24, 2019

Allowability of Foreign exchange fluctuation loss u/s 37 - difference between amount given by it as loan to its subsidiary in the USA and the amount realized due to fluctuation is claimed as ‘exchange loss’ - duly allowable

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