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Income Tax - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Provision for FCNR fluctuation loss - the losses shown are ...


FCNR Fluctuation Losses Deemed Notional, Deduction Claims Disallowed Under Income Tax Rules.

February 12, 2015

Case Laws     Income Tax     AT

Provision for FCNR fluctuation loss - the losses shown are notional in character and therefore the provision for loss claimed as a deduction is liable to be disallowed. - AT

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