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Income Tax - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

TP - The foreign exchange fluctuations income cannot be excluded ...


Foreign Exchange Fluctuations Income Must Be Included in Operating Margin Calculation for Accurate Tax Assessment.

April 18, 2014

Case Laws     Income Tax     AT

TP - The foreign exchange fluctuations income cannot be excluded from the computation of the operating margin of the assessee company - AT

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  8. Depreciation on foreign exchange fluctuation loss - foreign currency term loan availed for purchase of windmill - since the assessee has capitalized and claimed...

  9. The assessee, a Foreign Portfolio Investor registered in India, entered into Forward Foreign Exchange Contracts (FCC) with HDFC Bank to safeguard against foreign...

  10. The ITAT held that foreign exchange fluctuation, whether gain or loss, must be treated as operating in nature, rejecting the TPO's classification as non-operating based...

  11. Definitions - Regulation 2 of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS, 2000 as amended

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  13. See Regulation 4 - Permissible foreign exchange derivative contract - - Schedule I of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS)...

  14. Permission to enter into a foreign exchange derivative contract - Regulation 4 of the FOREIGN EXCHANGE MANAGEMENT (FOREIGN EXCHANGE DERIVATIVE CONTRACTS) REGULATIONS,...

  15. Disallowance of foreign exchange fluctuation loss - mark to market loss - There is hardly any quarrel on such DRP’s directions are binding on an Assessing Officer u/s...

 

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