Loss on account of foreign currency forward/option contracts - ...

Foreign Currency Contract Losses Assessed Annually for Accurate Hedge Reconciliation; Monthly Reviews Incomplete.

August 31, 2016

Case Laws Income Tax AT

Loss on account of foreign currency forward/option contracts - It is only at the year end that one can still reconcile the hedging transactions with the actual exposure or delivery and come to a conclusion whether hedging contract exceeded the actual exposure or not but certainly not on week to week or month to month basis. - AT

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Loss on account of foreign currency forward/option contracts - ...

Foreign Currency Contract Losses Assessed Annually for Accurate Hedge Reconciliation; Monthly Reviews Incomplete.

August 31, 2016

Case Laws Income Tax AT

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