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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

MTM losses in respect of forward foreign exchange contract ...


MTM Losses on Forward Foreign Exchange Contracts Are Tax-Deductible When Debited to Profit and Loss Account.

April 20, 2016

Case Laws     Income Tax     AT

MTM losses in respect of forward foreign exchange contract debited to the profit and loss account are allowable - AT

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