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Income Tax - Highlights / Catch Notes

Home Highlights November 2023 Year 2023 This

Mark to market loss - Contingent loss or not - Unrealized ...

Income Tax

November 2, 2023

Mark to market loss - Contingent loss or not - Unrealized foreign exchange forward contract losses - 'mark to market' loss on such future and forward contracts are not a notional loss of contingent nature and the loss stands crystallized at the end of the year notwithstanding the continuance and spilling over of the contract to next year.- AT

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