Section 43AA - Taxation of foreign exchange fluctuation

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..... e fluctuation A new section 43AA has been inserted in the Income Tax Act to provide that Subject to the provisions of section 43A , any gain or loss arising on account of any change in foreign exchang .....

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..... etary items and non-monetary items; (ii) translation of financial statements of foreign operations; (iii) forward exchange contracts; (iv) foreign currency translation reserves. - Manuals - Ready re .....

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