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Income Tax - Highlights / Catch Notes

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TP Adjustment - Reduction of economic adjustment on foreign ...

Income Tax

November 1, 2023

TP Adjustment - Reduction of economic adjustment on foreign exchange fluctuation loss - in principle, the foreign exchange fluctuation loss adjustment has to be given being a non-operating expenses and the AO/TPO will recomputed the PLI after considering the details and facts of foreign exchange fluctuation loss claimed by assessee. - AT

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